Decoding U.S. Jobs Report, Second Firing Wave, PMI Hope: Eco Day

(Bloomberg) -- Welcome to Wednesday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day.

There's no way around it: Thursday's U.S. labor reports will be a mess: While the June jobs data and weekly unemployment claims are expected to show further improvement in a hammered market, the actual trend may not be immediately clear when the Labor Department issues the reports
Some 2020 U.S. graduates are finding jobs, even in this economy. Luck plays a role, sure, but so does a willingness to compromise
U.S. firms are firing workers for a second time as some states resume lockdowns
Argentina is considering paying coupons sooner than previously announced, as it aims to close a gap with creditors in debt restructuring talks, according to people with knowledge of the matter
South Korea's exports show the slump in global demand may have passed its worst, but significant uncertainty lies ahead of global trade, Bloomberg Economics says
Asia's factories are also seeing a glimmer of hope as a report on manufacturing shows China demand picking up, but the International Monetary Fund warns lost economic output will likely persist until 2022
Euro-area manufacturing wasn't as weak as initially reported in June, although jobs in industry are at risk
Italy is enlisting its citizens in the battle to protect public finances in the crisis
Sweden's central bank ramped up stimulus and pledged to buy corporate bonds in a bid to stop the Nordic economy's freefall
Declining U.K. house prices show the scale of Boris Johnson's challenge to revive the U.K. economy