Employment, Manufacturing Probably Slowed: U.S. Economy Preview

Hiring and manufacturing probably cooled in August, showing companies are scaling back as the U.S. recovery shows signs of stumbling, economists said before reports this week.

Private payrolls that exclude government agencies rose by 47,000 this month after a 71,000 July gain, while the unemployment rate rose to 9.6 percent, according to the median estimate of 33 economists surveyed by Bloomberg News. Factories expanded at the weakest pace in almost a year, an Institute for Supply Management report is forecast to show.