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U.S. Day Ahead: Jobs report key for Obama

Thursday, July 05, 2012 - 02:08

July 5 - Friday's June jobs report represents one of President Obama's last chances to convince swing voters he has right plan for economy.

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Don't look for major improvement in the jobs picture economists and the Reuters poll expecting a gain of 90000 for -- nonfarm payrolls. Try -- you'll gain a little over 100000 seen offsetting another decline in government jobs. Thomson Reuters IFR markets a bit more optimistic forecasting a 105000. Gains for headline number. What's not is better than April and -- but barely enough to keep up with new entrants to the labor force. Manufacturing not helping that cause forecasters predicting just a 5000 jobs in the weakest in more than six months. Unemployment rate is expected to hold steady at eight point 2%. Republican presidential candidate Mitt Romney could interrupt his New Hampshire vacation to respond to the jobs report. President Obama meanwhile will likely comment as part of his today bus tour of Ohio and Michigan key battleground. What the president needs to focus on. Is -- swing voters in several battleground states that will. Be crucial to the outcome of the election. If he can convince them that things are getting better in this job report gives him some grist for that than he will be in much better yet. A government report on natural gas could and prices back above the key level three dollars. The weekly storage report which usually comes out on Thursday was delayed one day because of the fourth of July holiday. Natural gas prices have been rising along with the temperatures around the country which has pushed up demand from utilities. Futures haven't topped the three dollar mark since January. And finally to France for our photos of the day. It's the fifth stage of the 99 toward affronts ended with a crash which caused many writers to fall off their bikes. Germany's Andre grip hall pulled through with a victory for the second straight stage he won. For more coverage featured a policy on Twitter at -- -- -- and please check out our Reuters YouTube TV channel. At Reuters dot com slash writers TV I'm Heidi mom this is writers.

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U.S. Day Ahead: Jobs report key for Obama

Thursday, July 05, 2012 - 02:08