What is designed to give insight into the labor market may also guide future interest rates, since the Federal Reserve will be watching — and so will Europe.
Chrysler and Ford are reporting strong sales numbers, particularly truck sales, for June. Though manufacturing data across several other industries is down.
The Bureau of Labor Statistics reports that the economy added 175,000 jobs last month, edging out analyst expectations. The unemployment rate ticked up to 7.6 percent.
Uncertainty over the Federal Reserve's next move is throwing investors for a loop and unsettling markets. Diane Swonk, chief economist at Mesirow Financial, explains what the 'Fed Dread' is all about.