The record 107th month of job gains was unlikely to temper investor hopes that the Federal Reserve would lower interest rates again later this month.
The US jobs report out Friday is expected to show hiring slowed in August but held at a solid pace, offering the latest official snapshot of the economy weeks after a key recession warning flashed. Economists forecast the Labor Department report will show the US added 160,000 nonfarm payrolls last month. That would be fewer than in July before but enough unemployment levels near historic lows at 3.7%. Visit the Markets Insider homepage for more stories.
The US jobs report out Friday is expected to show hiring slowed in August but held at a solid pace, offering the latest official snapshot of the economy weeks after a key recession warning flashed. Economists forecast the Labor Department report will show the US added 160,000 nonfarm payrolls last month. That would be fewer than in July before but enough unemployment levels near historic lows at 3.7%. Visit the Markets Insider homepage for more stories.
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