At 8:30 AM EDT the Employment Situation report for June will be announced, and the consensus for non-farm payrolls is an decrease of 125,000 jobs compared to a gain of 431,000 in May, the consensus for private payrolls is an increase of 105,000 jobs compared to a gain of 41,000 in May, the consensus for the unemployment rate is that it will increase by 0.1% to 9.8%, the consensus average hourly earnings rate is an increase of 0.1%, and the consensus for the average workweek is 34.2 hours. The decrease in non-farm payrolls is being attributed to the end of the temporary jobs created by the Census.
At 10:00 AM EDT, the Factory Orders report will be released. The consensus is for an decrease of 0.5% in orders in May, after gains in March and April.
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