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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.
byLisa Levin
August 5, 2022
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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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Pixelworks announced that the agreement between Walt Disney Studios and Pixelworks will bring a collection of TrueCut Motion graded titles to select home entertainment devices. "Disney once again is extending the boundaries of the home cinematic experience, empowering its filmmakers to delight their audiences, and we are proud to be a part of it," said Richard Miller, GM of TrueCut Motion at Pixelworks.

DIS