On Friday, before the weekend, the Employment Situation Report is released. Economists expect 300,000 non-farm jobs to be added in August, although the White House tried to calm expectations in a statement Tuesday afternoon.
Remember about a month ago when the July Non-Farm Payrolls report revealed a significant uptick in the employment advance at +528000 jobs. And what would be great to watch is the unemployment rate. Bank of America (NYSE:BAC) Global Research and Goldman Sachs (NYSE:GS) Investment Research expect the rate to drop from 3.5% to 3.4%. And that's not what the Fed wants to see.
Remember about a month ago when the July Non-Farm Payrolls report revealed a significant uptick in the employment advance at +528000 jobs. And what would be great to watch is the unemployment rate. Bank of America (NYSE:BAC) Global Research and Goldman Sachs (NYSE:GS) Investment Research expect the rate to drop from 3.5% to 3.4%. And that's not what the Fed wants to see.
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
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