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 The NEWS that moves the STOCK MARKETS BLOG
​August 9, 2020

Trump doubles down on TikTok, and the stimulus talks nearly collapsed.

Labor Market

Payroll jobs report is expected to show 1.48 million new positions during July, a significant slowdown in the pace of job creation in June, and well below what is needed to offset the loss of 22 million in March and April.

The unemployment rate is forecast to have fallen to 10.5%, with data released. There have been mixed signals in this report, with Wednesday's number of ADPs well below estimates, while Fridays’ number of claims suggested that the job market is beginning to reassert itself.