Dowling Securities: Expected to increase by 200,000 non-farm jobs in the United States in July
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Dowling Securities Outlook on July US Non-Farm Payrolls: We expect that at the beginning of the third quarter, the employment in the US in July will remain basically flat compared to June, with an increase of 200,000 people. High-frequency data indicates that employment growth continues to remain strong. In addition, the unemployment rate may stay unchanged at 4.1%, but after a recent increase, it may fall back to 4.0%. We also anticipate that the wage rate will record 0.2% monthly (previous value 0.3%) and 3.6% annually (previous value 3.9%)
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