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What Economists Are Saying Ahead of Friday's U.S. Jobs Report

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Jobs Data Won't Sway Fed One Way or the Other, Charles Schwab Says

Will Friday’s U.S. jobs report keep telling a familiar story, or will there be a new wrinkle?

The answer will come when the Labor Department issues the July figures at 8:30 a.m. in Washington. The median estimates of economists surveyed by Bloomberg are for non-farm payrolls to rise 193,000 in July, the unemployment rate to tick down to 3.9 percent from 4 percent and for average hourly earnings to advance 2.7 percent from a year earlier, the same pace as in June. Here’s what forecasters are saying ahead of the data: