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Published on Aug 5, 2016
The
wait is over. It's jobs Friday and the Labor Department will release
employment numbers for July. We will learn how many jobs were created
last month and the current unemployment rate. Today's report is critical
because it's one of the last major pieces of data we get before the Fed
meeting in September and the election in November. A survey of
economists by the Wall Street Journal expect 179,000 jobs created in
July and for the unemployment rate to drop slightly to 4.8% from 4.9%.
Rackspace (RX) is higher in the pre-market on a report that it might be
for sale. The Wall Street Journal says the reported talks come two years
after the provider of cloud computing services hired banks to explore
its strategic options. Fireeye (FEYE) is planning layoffs as it cuts its
forecast and missed sales forecasts. The cybersecurity firm also says
it will lay off 300 to 400 workers.
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