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Jobs Report is Critical on Economy and Presidential Election

It's jobs Friday and the Labor Department will release employment numbers for July.
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The wait is over. It's jobs Friday and the Labor Department will release employment numbers for July. We will learn how many jobs were created last month and the current unemployment rate. Today's report is critical because it's one of the last major pieces of data we get before the Fed meeting in September and the election in November. A survey of economists by the Wall Street Journal expect 179,000 jobs created in July and for the unemployment rate to drop slightly to 4.8% from 4.9%. Rackspace (RAX) is higher in the pre-market on a report that it might be for sale. The Wall Street Journal says the reported talks come two years after the provider of cloud computing services hired banks to explore its strategic options. Fireeye (FEYE) - Get FireEye, Inc. Report  is planning layoffs as it cuts its forecast and missed sales forecasts. The cybersecurity firm also says it will lay off 300 to 400 workers.

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