Jobs
US Jobs Report May Show Hiring Bounce, Decide Size of Fed Cut
- Forecasters see payrolls up by 165,000, 4.2% unemployment rate
- Last month’s report sparked growth scare in financial markets
This article is for subscribers only.
Forecasters anticipate a monthly report on US employment will show a bounce in hiring and a tick lower in the unemployment rate in August, marking a stabilization after the July data sparked a growth scare in financial markets.
Payrolls probably rose by 165,000 last month following July’s 114,000 increase, according to the median estimate in a Bloomberg survey of economists. Unemployment probably edged down to 4.2%, the report due Friday from the Bureau of Labor Statistics is expected to show.