1.   Another report that will shape inflation expectations comes on Friday, when the government releases its monthly employment report.

2.   ARGENTINE stocks closed down as investors expect a U.S. monthly employment report tomorrow to fuel the case for an interest rate increase by the Federal Reserve.

3.   At no time was that concern more evident than on the first Friday each of the past six months, the day the government released the monthly employment report.

4.   A more complete picture of the labor market will come on Friday when the Labor Department release its monthly employment report.

5.   Also today, the government issued a monthly employment report for June that suggested labor markets may have reached a plateau.

6.   Changes in the average hourly wage, also part of the monthly employment reports, moved interest rates in predictable ways.

7.   Crescenzi noted that the market was better prepared for the previous two monthly employment reports, based on options activity.

8.   ECONOMIST LINKS JOBS AND YIELDS The monthly employment report seems to have a greater effect on stock and bond markets than any other single piece of economic data.

9.   Even more evidence of economic strength will be available tomorrow, when StatsCan releases its monthly employment survey.

10.   Even so, investors are leery of buying many bonds before next Friday, when the government releases its monthly employment report.