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Argus

Argus

Aug 03, 2026

Daily Spotlight: Previewing Friday's Jobs Report

Market Outlook

Bullish

-

Short

Summary

On Friday, the Bureau of Labor Statistics (BLS) will report the July unemployment rate. Our forecast is for a healthy 4.2% result, below the 4.3% consensus. The trend in hiring has improved from a year ago. The three-month moving-average change in nonfarm payrolls was 111,000 in

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