Hello friends and Fortune readers.

This week brings the beginning of a new month and a wide range of important economic data, led by Friday’s July employment report. Meanwhile, corporate earnings season is still in high gear, with Procter & Gamble and Tesla Motors among the major companies reporting quarterly updates. And, also on Friday, the world’s eyes will turn to Brazil for the Rio de Janeiro Summer Olympics, where athletes will compete for gold and officials will hope to allay the many concerns over the city’s preparedness for the massive event.

Here’s what you need to know for the week ahead.

1. July employment report

On Friday, the Labor Department will release its preliminary figures for July’s employment growth, with the government expected to report an increase of 175,000 new jobs added last month. That bump would keep the country’s unemployment rate steady at 4.9%. In June, the U.S. labor market added a very strong 287,000 jobs, which came after surprisingly weak growth in May. The Labor Department had initially reported job growth of 38,000 positions in May, but later even revised that number down to only 11,000.

2. U.S. economic data

A strong July jobs report could be a boon for the stock market, which is coming off a week of mixed results after the U.S. economy showed weak growth in the second quarter. Aside from the employment report, a raft of new economic data set to be released this week including manufacturing data that is expected to show that sector was steady in June. The Commerce Department is also likely to report that consumer spending increased by 0.3% in June, while the U.S. trade deficit likely ticked upward to $43 billion from $41.1 billion.

3. Earnings: Tesla,

Consumer products behemoth Procter & Gamble is expected to report fourth-quarter revenue and profit that beat Wall Street’s predictions on Tuesday. As Fortune reported in a recent magazine feature, the company that makes everything from Tide detergent to Crest toothpaste has been working to cut costs and consolidate its massive stable of consumer brands. On Wednesday, Tesla Motors could post second-quarter losses that are greater than analysts expected, as billionaire founder Elon Musk deals with a range of issues that include the fatal crash of a customer who was using the electric automaker’s Autopilot feature, as well as criticism from shareholders over Musk’s plans to merge Tesla [forutne-stock symbol=”TSLA”] with SolarCity. And, on Thursday, is expected to report disappointing third-quarter revenue and profit figures. The troubled media giant continues to face a corporate governance battle involving the family of media mogul Sumner Redstone that has weighed on the company’s earnings, while Viacom has also been hurt by disappointing performances at the box office as the company considers selling off a major stake in film studio Paramount Pictures.