When it comes to economic data, the big news this holiday-shortened week will be the June jobs report that will be released Friday morning.

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Economists surveyed by Thomson Reuters forecast that the U.S. economy added 195,000 jobs in June while the unemployment rate is expected to hold steady at 3.8%, the lowest since April 2000.

The forecast for 195,000 is below the 223,000 jobs added in May, but above the three month average of 179,000 jobs added per month.

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