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Economy
In reply to the discussion: Weekend Economists Get Syri-ous August 30-September 2, 2013 [View all]xchrom
(108,903 posts)48. Employment Probably Picked Up in August: U.S. Economy Preview
http://www.bloomberg.com/news/2013-09-01/employment-probably-picked-up-in-august-u-s-economy-preview.html
Employers probably added more workers in August and the jobless rate held at a more than four-year low, signaling a strengthening U.S. labor market that will help sustain growth, economists said before a report this week.
Payrolls rose by 180,000 following a 162,000 gain the prior month, according to the median forecast of 71 economists surveyed by Bloomberg ahead of Labor Department figures Sept. 6. Manufacturing probably cooled after expanding in July at the fastest pace in two years, other data may show.
Faster hiring and income gains will help underpin consumer spending and allow the worlds largest economy to better weather the lingering effects of higher taxes and federal budget cuts. Federal Reserve policy makers are watching the job market as they debate scaling back monthly bond purchases meant to stimulate growth and cut unemployment.
Were on track for a pretty solid payrolls report for August, said Brian Jones, a senior U.S. economist at Societe Generale in New York. It goes hand in hand with the improving economy.
Employers probably added more workers in August and the jobless rate held at a more than four-year low, signaling a strengthening U.S. labor market that will help sustain growth, economists said before a report this week.
Payrolls rose by 180,000 following a 162,000 gain the prior month, according to the median forecast of 71 economists surveyed by Bloomberg ahead of Labor Department figures Sept. 6. Manufacturing probably cooled after expanding in July at the fastest pace in two years, other data may show.
Faster hiring and income gains will help underpin consumer spending and allow the worlds largest economy to better weather the lingering effects of higher taxes and federal budget cuts. Federal Reserve policy makers are watching the job market as they debate scaling back monthly bond purchases meant to stimulate growth and cut unemployment.
Were on track for a pretty solid payrolls report for August, said Brian Jones, a senior U.S. economist at Societe Generale in New York. It goes hand in hand with the improving economy.
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