America's job gains in July reinforced that the 2015 economy is good but not great.

The U.S. economy added 215,000 jobs in July. Anything above 200,000 is considered to be good.

The unemployment rate stayed the same at 5.3%, which is its lowest point since April 2008. That's considered near full employment.

Wage growth -- the missing piece to America's economic progress -- remained sluggish in July. Average hourly earnings only rose 2.1% compared to the prior year. Wage growth is the reason many Americans haven't felt the benefits of the economy's recovery. The Federal Reserve wants to see annual wage growth closer to 3.5%.

The jobs report is extra important now because the Fed is close to raising its key interest rate for the first time in over nine years. A rate hike would be a good sign for the economy's health, and how far it's come since the recession ended.

Economic growth has been okay this year -- solid but nothing to get excited about. Last year, the economy added 240,000 jobs a month on average between January and July. This year that figure is 178,000 -- a sign that job growth in isn't as stellar.

Still, the economy is still making strides in the right direction.  

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As in every first Friday of the month, today is the NFP announcement.

What is it? It checks the change in the number of employed people during the previous month, excluding the farming industry. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? August 7th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

Don't miss the chance to maximize your results, talk to one of our representatives and start trading now.

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Tomorrow (Friday) the Non-Farm Payrolls will be announced. Here is what you need to know:

Non-Farm Payrolls (NFP) Employment Change - is a vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. Change in the number of employed people during the previous month, excluding the farming industry.

The Announcement is set to make big impact on trading markets, especially on USD/EURO in FOREX market, and Gold and Silver in the Commodities market. Be prepared to invest early in order to get the best results on your trades. Make sure to speak with one of our representatives to get the help you need.

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On Wall Street, there's skittishness about the Happiest Place on Earth.

Disney shares fell nearly 9% when the market opened on Wednesday morning amid deep concerns about the company's most profitable enterprise, ESPN.

Before the drop, Disney had been the best performer in the Dow this year. And the stock is still up 20% in 2015.

But when the company posted mixed second quarter results on Tuesday, the focus was on ESPN, which is being pinched by changes in consumer habits.

Disney CEO Bob Iger confirmed that there have been "some subscriber losses" at ESPN because some households have opted for smaller cable packages that don't include the pricey cable channel.

But he said that Nielsen's estimate of the decline -- 3.2 million subscribers in a little more than 12 months -- was overstated. The flagship channel has more than 90 million subscribers overall.

On a conference call with investors on Tuesday, Iger forcefully expressed confidence in ESPN's future, and he reiterated that view in interviews on Wednesday morning.

On CNBC, he said "we are very bullish" about the cable business.

But investors appear spooked about the possible impact from "cord-cutting" (a term for households dropping cable TV altogether) and "cord-shaving" (households choosing smaller bundles of cable).

ESPN continues to make huge amounts of money through its $6-a-month subscriber fee, but Disney said Tuesday that its year-over-year profits won't be quite as high as it had forecast earlier.

The expectation was for high-single-digit operating profit growth from Disney's cable channels (led by ESPN) and now the forecast is for mid-single-digit growth.

At 10:30 a.m. Wednesday, Disney (DIS) shares were down about 7%. Analysts at Jefferies and BMO Capital downgraded Disney stock.

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