Jobs, jobs, jobs
Economists polled by Bloomberg are expecting the U.S. economy to have added 160,000 nonfarm payrolls in August, down from the 164,000 positions added in July. The unemployment rate is expected to hold steady at 3.7%.
“Amid the volatility of financial markets seeming to mirror the rest of the world, the U.S. job market has remained a veritable pillar of stability,” Mark Hamrick, Bankrate.com’s senior economic analyst, wrote in an email to Yahoo Finance. “In terms of relatively stability, the upcoming August employment reading should be no exception, with the emphasis on ‘should.’ The key question is whether the U.S. economy continues to grow in th