Get ready for two blasts of fireworks this week: the holiday pyrotechnics tomorrow and another blast Friday — when the government reports the jobs tally for June.
The Labor Department may report that employers increased payrolls by 90,000 workers in June after the paltry 69,000 in May, Bloomberg’s Alex Kowalski reports, citing a survey of analysts.
If that holds, the skyrockets and aerial bombs over the Washington Monument tomorrow might be matched by the political rhetoric from either side of the presidential election contest — or both — on Friday.
It’ll also mark a refocusing of the presidential campaign.
Americans have been consumed for almost a week with news of and reaction to the Supreme Court upholding Obama’s health-care law. By Friday, we’ll return to the economy, the No. 1 campaign issue.
The Labor Department lights the fuse at 8:30 a.m. EDT Friday. We’ll see if the current jobless rate rises, falls or holds steady. Analysts are placing their bets on the unemployment rate holding steady at 8.2 percent.
We’ll be hearing from President Barack Obama and Republican Mitt Romney alike on Friday.