The consensus among analysts is that the US July Non-Farm Payrolls will show a continuation of the increasing job creation trend that we’ve seen since April, albeit significantly slower. However, there are some reasons to suspect that economists are once again a little too optimistic. Interestingly, the consensus has been slowly falling through the course of the week. On Monday, there was a general understanding that 925K jobs were created. By the start of Wednesday, it fell to 895K. Following a massive disappointment in ADP, analysts further cut their outlook to 870K. And just for comparison, last month’s figure was ... (full story)