U.S. Job Growth Might Slow To This Level In July, Here Are The Major Macro Issues For Friday

U.S. stocks closed mixed on Thursday as Eli Lilly And Co (NYSE:LLY) reported downbeat results for its second quarter and lowered its FY22 guidance.

Below is a look at the major economic reports scheduled for release today.

• Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 8:00 a.m. ET.
• U.S. jobs report for July is scheduled for release at 8:30 a.m. ET. Analysts expect a 250,000 rise for nonfarm payrolls growth in July, compared to June's gain of 372,000 jobs. The unemployment rate, however, is projected to remain unchanged at 3.6% in July.
• The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
• Data on consumer credit for June will be released at 3:00 p.m. ET. Consumer credit is likely to increase $24.5 billion in June following a $22.3 billion rise in the previous month.

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