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Japan’s Abe shot dead, payrolls and looming euro/dollar parity.

Today's jobs number is expected to show employers added 268,000 positions in June which would make it one of smallest gains of the pandemic recovery. Economists are not concerned about the slowdown in the rate of job creation as adding half a million jobs a month was never going to be sustainable, and do not see it as a sign of slack in the economy. The unemployment rate is estimated to remain unchanged at 3.6% while earnings growth will remain strong. Should today's numbers, published at 8:30 a.m. Eastern Time, show continued strength in the labor market it will likely increase expectations of another 75 basis point rate hike from the Federal Reserve later this month.