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August jobs report to show further 'softness growing' in the US labor market as Fed rate cuts near
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy. Economists expect the US economy added 75,000 jobs in August while the unemployment rate is expected to have risen to 4.3%, according to data from Bloomberg. Economists are also expecting hourly earnings to have increased 0.3% over the prior month in August and 3.7% over last year. In July, the economy created 73,000 new jobs, ... (full story)
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