#Will-August's-NFP_Rebound?#
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Nonfarm Payrolls are forecast to rise 1.6 million in July down from 4.8 million in June and 2.699 million in May. The unemployment rate is expected to drop to 10.5% from 11.1% and the labor force participation rate to fall to 61.1% from 61.5%. Average hourly earnings should decrease by 0.5% on the month in July and rise 4.2% annually following the 1.2% drop and 5% gain in June. Average weekly hours may slip 0.1 to 34.4 in July.”
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