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What Economists Are Saying Ahead of the August U.S. Jobs Report

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ADP Report Disappoints Ahead of August Jobs Report

America’s labor market continues to run hot, even if wages remain cool. Economic data point to a positive feedback loop, boosted by tax cuts, that’s kept hiring strong: consumers are more optimistic and spending more on goods and services, and thus propelling companies and factories to add more people to cope with increased demand.

It’s kept the Federal Reserve on a path of gradual interest-rate hikes. The question is how long employers can sustain the current pace of hiring as the pool of workers shrinks and risks litter the road ahead, including emerging-market turmoil and a widening trade war.