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What to Expect From the Jobs Report Today
Forecasters say employers added 65,000 jobs as hiring slowed and the unemployment rate rose to 4.2%, while wage growth stayed near 3%.
- On Friday, the Labor Department is expected to report that U.S. employers added 65,000 jobs in August, rebounding from July's unexpected 23,000-job decline, with unemployment ticking up to 4.2%.
- The labor market remains in a 'no-hire, no-fire' state, as employers retain staff while limiting new recruitment, with layoffs staying historically low at around 200,000 to 230,000.
- President Donald Trump's immigration crackdown withdrew work authorization for 330,000 Haitian and Syrian immigrants, while baby boomer retirements have constrained labor supply, forcing businesses to leverage technology for efficiency.
- Wage gains remain modest at 3%, challenging families already struggling with costs, while entry-level workers face a difficult employment environment, according to EY-Parthenon economists Gregory Daco and Lydia Boussour.
- Hiring this year averages just under 61,000 jobs monthly, significantly trailing the 166,000 average in 2023 and 2024, as the United States requires fewer new jobs to stabilize unemployment.
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What to expect from the jobs report today
By Alicia Wallace, CNN (CNN) — The August jobs report is due out at 8:30 a.m. ET Friday, and economists are expecting that employers added 65,000 jobs last month and the unemployment rate inched back up to 4.2%.US employment is likely to rebound after the surprise in July, when the economy unexpectedly lost an estimated
·Panama City, United States
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Winnipeg Free Press+11 Reposted by 11 other sources
United States likely added 65,000 jobs last month, but jobseekers struggle and pay gains are meager
WASHINGTON (AP) — The U.S. Labor Department is expected to report Friday that the American job market bounced back last month from a dismal July, even though jobseekers continue to struggle and pay gains are slight.
·Winnipeg, Canada
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Total News Sources18
Leaning Left11Leaning Right0Center7Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 39%
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