The US jobs report is out on Friday and it's set to be a good one. That said, payrolls growth has undoubtedly slowed this year with the 6M moving average currently at a 17 month low of 174,500. The government shutdown probably played its part, restricting employment growth for both federal workers and government contractors, while more recently anxiousness over the US-China trade tensions may also have tempered hiring plans to some extent. However, most labour market data releases continue to suggest demand for workers remains very firm. For example, the ISM manufacturing employment index rose to 54.5 in June - a ... (full story)