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MNI said its pre-jobs econ survey...>

US DATA PREVIEW
US DATA PREVIEW: MNI said its pre-jobs econ survey showed the 8:30am ET nonfarm
payrolls are forecast to rise by a median estimate of 181,000 in July after a
stronger-than-expected 222,000 gain in June. The unemployment rate is expected
to fall back to 4.3% after rebounding to 4.4% in June.
- Hourly earnings are forecast to rise 0.3% after a 0.2% gain in the previous
month. MNI's Reality Check feature suggested that companies are experiencing
labor shortages that are leading to higher salaries in some industries. Due to a
large 0.4% rise in hourly earnings in July 2016, the year/year gain for July
2017 is likely to be trimmed barring upward revisions to the previous two
months. The average workweek is expected to hold steady at 34.5 hours.

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