Tonight, the first nonfarm payroll report of the Walsh era will be released, and the World Cup may create a "false boom" in employment.
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The first Non-Farm Payrolls report since the new Fed Chair Kevin Warsh took office will be released tonight Beijing time (July 2). The market expects a clear slowdown in job growth, but the World Cup effect may artificially inflate the data, masking real signs of a cooling labor market.
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