Five things to watch in U.S. jobs report: No. 1 – a return to record private employment

(Reuters) – Talk of a potential recession is dominating the airwaves and driving frantic action across financial markets, meaning Friday’s U.S. employment report for June will be pored over by investors, politicians and average workers for any signs that the strongest job market in generations is running out of steam. The worry-warts may not find much to fan their anxiety, if the economists forecasting the key components of the Labor Department’s data are to be believed, even as high inflation and the Federal Reserve’s efforts to contain it through interest rate hikes keep blood pressure high …

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