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July Employment Data Anticipation

OUTLOOK
While anticipation for blow out jobs gain builds, fanned by Fed Gov Waller comments Thu, median estimate dips from 870k to 858k (wide range remains: +350k to +1.2M).
  • US Data/Speaker Calendar (prior, estimate)
  • Aug-06 0830 Change in Nonfarm Payrolls (850k, 858k)
  • Aug-06 0830 Change in Private Payrolls (662k, 709k)
  • Aug-06 0830 Unemployment Rate (5.9%, 5.7%)
  • Aug-06 0830 Average Hourly Earnings MoM (0.3%, 0.3%), YoY (3.6%, 3.9%)
  • Aug-06 0830 Labor Force Participation Rate (61.6%, 61.7)
  • Aug-06 1000 Wholesale Trade Sales MoM (0.8%, --)
  • Aug-06 1000 Wholesale Inventories MoM (0.8%, 0.8%)
  • Aug-06 1030 NY Fed buy-op: Tsy 0Y-2.25Y, appr $12.425B
  • Aug-06 1500 Consumer Credit ($35.281B, $23.000B)

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