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US and Canadian Jobs Data Before the Weekend
While the US jobs report has been among the most important economic releases in the monthly cycle, it takes on even more significance in the run-up to the September FOMC meeting. The dollar has been confined to narrow trading ranges with small down It is a particularly difficult number to forecast though some of the data contained in the employment report is used for input into other forecasts. The ADP estimate was disappointing, and it cited layoffs in the energy sector and weaker job growth in manufacturing. That said, its estimate had mostly been below the initial private sector nonfarm payroll report of the BLS. ... (full story)
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