The Labor Department will release job growth and the unemployment rate for August. Economists expect 180,000 jobs added last month and for the unemployment rate to tick lower to 4.8%. Some economists and investors have called today’s report the most important jobs report ever as it has huge implications for both interest rates and the election. Crude oil prices are set for their worst week since early January. A stubborn oversupply of oil, a strong U.S. dollar and comments from oil ministers that OPEC won’t cut production have sent oil prices down around 9% so far this week. OPEC meets later this month. Samsung is recalling its new Galaxy Note 7 smartphone worldwide. There have been reports the device catches fire while charging. The phone was just released a month ago and had gotten mostly great reviews. Samsung says it will replace all 2.5 million Galaxy Note 7s. Factory orders for July are due today. The U.S. stock markets are closed Monday for Labor Day.
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