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June US Jobs Report Could Put the Fed in Play
The slow-growing U.S. economy is expected to have created just about 100,000 jobs in June, better than the prior month but still too weak a trend to make a dent in unemployment. Fearful about the economy, Europe, the "fiscal cliff," and higher energy costs, employers across a wide variety of industries were expected to have seen little reason to invest in new employees last month. When reported a month ago, May’s 69,000 nonfarm payrolls shocked financial markets, which were looking for 150,000 new jobs. Economists’ forecasts for June have been tepid, and are running lower than trader whisper numbers of 110,000 to ... (full story)
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