Data from the U.S. Labor Department is expected to show that nonfarm payrolls rose 180,000 in August after surging 255,000 in July. The unemployment rate is forecast to have dipped to 4.8 percent from 4.9 percent. Separately, a report from the U.S. Commerce Department is expected to show that trade deficit shrank to $42.7 billion in July from $44.5 billion in June. Another report is expected to show factory orders bounced back 2.0 percent in July after declining 1.5 percent in June.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.