US June Employment Data Due Friday

5:30 AM ET Tue, 3 July 2012

"We are fairly optimistic on payrolls this Friday, you need to think about here is how much of a slowdown in recent months is temporary due to maybe weather effects or the run up in gas prices which has now been reversed and how much is more persistent due to slowdown in China," Paul Dales, senior US Economist at Capital Economics, told CNBC.