Vital Signs: Will Employment Get Worse?

On deck: employment report, ISM indexes for manufacturing and nonmanufacturing, construction spending, car sales, productivity

The headliner in this week’s batch of economic news will be the Labor Dept.’s report on the August job market. Economists expect another moderate drop in payrolls of 70,000 workers, close to the 66,000 average monthly decline from January to July. They also look for the unemployment rate to hold steady at July’s 5.7% reading. Those numbers, if realized, would imply the economy remains weak, but they would not suggest any additional deterioration.

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