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Economic Report: U.S. creates 372,000 jobs in June. Strong labor market a bulwark against recession

The U.S. is forecast to add 250,000 new jobs in June, according to economists polled by The Wall Street Journal. The unemployment rate is expected to stay at 3.6%. Wages are forecast to rise 0.3% and put the increase over the past 12 months at 5% vs. 5.2% in May. 

The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics. 

In premarket action, the Dow Jones Industrial Average
DJIA,
+1.12%

and S&P 500
SPX,
+1.50%

were set to open mixed in Friday trades.

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