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4 worthy considerations ahead of the upcoming US jobs report

Livewire News

Livewire

4 worthy considerations ahead of the upcoming US jobs report. All indications are that this Friday's US jobs report for August is going to be a very, very big one. The most recent consensus forecast shows that Wall Street economists expect that 220,000 jobs were created in August. Here's why everyone seems so optimistic. During the week in which much of the survey work used to produce the jobs report was done, weekly claims for unemployment benefits remained at some of the lowest levels seen in recent years (chart attached). The jobs differential, effectively a measure of sentiment when it comes to finding a job, is falling. It means people are generally more upbeat about their prospects. Online job advertisements are rising, a good sign for labor demand and the ISM gauge shows cyclical manufacturing activity is all picking up. Full article here: (VIEW LINK)


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