US Payrolls Seen Rising 55,000 in August as Fed Keeps Inflation in Focus
Updated
Updated · Bloomberg · Aug 30
US Payrolls Seen Rising 55,000 in August as Fed Keeps Inflation in Focus
3 articles · Updated · Bloomberg · Aug 30
Summary
55,000 jobs were the median forecast for August payrolls, a rebound after July's unexpected drop in employment and a pace economists say matches this year's average hiring.
That steadier labor-market picture would give the Federal Reserve more room to keep its attention on inflation rather than shifting urgently toward labor-market support.
Friday's Bureau of Labor Statistics report is the next key test of whether hiring has merely normalized or is weakening more materially after the July setback.