US job growth seen rebounding in August
Economists forecast US payrolls rebounded in August with the unemployment rate steady at 4.1 percent. Growth may face headwinds from immigration policy changes and ongoing economic uncertainties.
Xurve View
Insights:
Xurve View
United States payrolls likely increased by 56,000 jobs in August, with the unemployment rate holding steady at 4.1%. Labor momentum has decelerated from spring levels amid supply chain strains and an oil price shock from the U.S. conflict with Iran. The upcoming employment report will test whether slow-hire conditions persist ahead of the FOMC policy meeting.
