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

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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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