AET - Wall Street Breakfast: U.S. Jobs Report - A Familiar Story?
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The latest snapshot of the U.S. labor market will be released this morning, with forecasts for 193,000 payrolls for July, a strong gain but less than June's 213,000 jobs. Meanwhile, the unemployment rate is expected to fall to 3.9% from last month's 4.0%, while wage growth likely advanced 2.7%, the same pace as June. Strong numbers would suggest the robust economy is helping the labor market weather trade