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US Labor Market Powers Ahead Amid Resilient Demand: Eco Week

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Friday’s jobs report is projected to show a 300,000 payrolls increase in August. 

Friday’s jobs report is projected to show a 300,000 payrolls increase in August. 

Photographer: Emily Elconin/Bloomberg
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The last US jobs report ahead of the Federal Reserve’s September policy meeting likely showed employers continued to add jobs at a healthy -- albeit more moderate -- pace in August, underscoring the durability and strength of the labor market. 

Friday’s jobs report is projected to show a 300,000 payrolls increase in August, according to the median estimate in a Bloomberg survey of economists. The unemployment rate is seen holding at 3.5% -- matching a five-decade low -- while average hourly earnings likely posted another solid gain.