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Goldman Sachs estimate US non-farm..........>

US DATA
US DATA: Goldman Sachs estimate US non-farm payrolls increased 205k in July,
saying that it reflects "lower initial jobless claims, continued strength in
employment surveys and job availability measures".
- GS also see unemployment rate tick lower to 3.9% and for the participation
rate to "drift lower"
- While GS see average hourly earnings increasing by 0.2% m/m, lowering the y/y
rate to 2.6%.

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