Jobs day in focus as markets fall from record highs

The US economy is expected to have added around 200,000 jobs last month, with an unemployment rate holding steady at 3.7%. That would represent strong but steady growth, exactly what Wall Street and the Federal Reserve want to see. As long as people feel they can easily find another job, they will continue spending. And that pushes up inflation. So the central bank, and investors, will be cheering for a jobs report that is neither a blowout headline number, nor a sudden drop-off.

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