How many jobs added in August?

U.S. nonfarm payrolls increased by 162,000 in August, compared with an estimated increase of 55,000 and a previous figure of a decrease of 23,000.

U.S. nonfarm payrolls increased by 162,000 in August, compared with an estimated increase of 55,000 and a previous figure of a decrease of 23,000.

U.S. nonfarm payrolls increased by 162,000 in August, compared with an estimated increase of 55,000 and a previous figure of a decrease of 23,000.

U.S. nonfarm payrolls increased by 162,000 in August, compared with an estimated increase of 55,000 and a previous figure of a decrease of 23,000.

U.S. nonfarm payrolls increased by 162,000 in August, compared with an estimated increase of 55,000 and a previous figure of a decrease of 23,000.

U.S. nonfarm payrolls increased by 162,000 in August, compared with an estimated increase of 55,000 and a previous figure of a decrease of 23,000.

US JOBS REPORT: MARKET BRACES FOR SOFT HIRING • • All eyes on the August U.S. jobs report: • • Kalshi: +46K • Consensus: +55K Prior: -23K • Unemployment: 4.1% • • Bank forecasts range widely: • Wells Fargo: +80K • Deutsche: +65K • Morgan Stanley: +65K • JPMorgan: +50K • BofA: +40K • Goldman: +40K • • The key signal may be unemployment rather than NFP. • • A major downside surprise could move Fed expectations, but next week’s CPI/PPI may ultimately matter more for September policy •

US JOBS REPORT: MARKET BRACES FOR SOFT HIRING • • All eyes on the August U.S. jobs report: • • Kalshi: +46K • Consensus: +55K Prior: -23K • Unemployment: 4.1% • • Bank forecasts range widely: • Wells Fargo: +80K • Deutsche: +65K • Morgan Stanley: +65K • JPMorgan: +50K • BofA: +40K • Goldman: +40K • • The key signal may be unemployment rather than NFP. • • A major downside surprise could move Fed expectations, but next week’s CPI/PPI may ultimately matter more for September policy •

US JOBS REPORT: MARKET BRACES FOR SOFT HIRING • • All eyes on the August U.S. jobs report: • • Kalshi: +46K • Consensus: +55K Prior: -23K • Unemployment: 4.1% • • Bank forecasts range widely: • Wells Fargo: +80K • Deutsche: +65K • Morgan Stanley: +65K • JPMorgan: +50K • BofA: +40K • Goldman: +40K • • The key signal may be unemployment rather than NFP. • • A major downside surprise could move Fed expectations, but next week’s CPI/PPI may ultimately matter more for September policy •

US JOBS REPORT: ALL EYES ON UNEMPLOYMENT • • The August U.S. jobs report is expected to show a modest recovery in hiring following July’s surprisingly weak reading, but economists remain cautious about the underlying strength of the labor market. • NFP: +55K expected vs. -23K prior • Private Payrolls: +40–50K • Unemployment: 4.1% expected • August payrolls could benefit from a rebound in government education jobs, while Haitian TPS expirations may create a 0–30K drag. • Further payroll revisions remain a risk. • With participation recently falling, the 4.1% unemployment rate may matter more than headline NFP. • Fed focus: Jobs are key, but next week’s CPI/PPI will likely matter more for September policy. • ANALYST VIEWS • WELLS FARGO: JOBS GROWTH TO REBOUND IN AUGUST • NFP: +80K expected • Unemployment: 4.2% • Wages: +0.3% MoM • Wells Fargo expects August hiring to partially rebound from July’s weakness, with alternative indicators suggesting job growth has stabilized. • Hiring plans are improving, job openings have leveled off and layoffs remain historically low. • Unemployment is expected to edge up to 4.2%, while wage growth remains contained. • Bottom line: Labor demand is soft but sufficient to support modest job growth and keep layoffs low. • DEUTSCHE BANK: AUGUST JOBS SET FOR MODEST REBOUND • NFP: +65K • Private Payrolls: +25K • Unemployment: 4.1% • Wages: +0.4% MoM • Deutsche Bank expects payrolls to rebound from July, mainly due to stronger state and local education hiring. • Private-sector hiring should remain subdued, while wage growth rebounds. • Unemployment is forecast at 4.1%, with some risk of 4.2%. • Fed takeaway: Even a slight unemployment rise is unlikely to materially change its labor-market outlook. • MORGAN STANLEY: JOBS TO REBOUND, UNEMPLOYMENT STEADY • NFP: +65K • Private Payrolls: +40K • Unemployment: 4.1% • Morgan Stanley expects modest hiring improvement in August, partly driven by a rebound in education jobs. • Immigration policy changes could subtract around 15K jobs. • Labor-force participation should partially recover, with unemployment holding at 4.1%. • Outlook: Morgan Stanley still sees unemployment rising to 4.3% by year-end, though slower labor-force growth poses downside risk. • JPMORGAN: SOFT AUGUST JOBS GROWTH AHEAD • NFP: +50K • Private Payrolls: +40K • Unemployment: 4.1% • JPMorgan expects subdued hiring in August, consistent with the recent 40–55K private-sector trend. • Seasonal summer weakness and immigration-status changes could weigh on payrolls, while July’s education-job decline may see little rebound. • Bottom line: Job growth remains historically soft, but a low hiring breakeven rate should keep the labor market relatively stable and unemployment near 4.1%. • BOFA: WEAK JOBS, BUT LABOR MARKET STILL STABLE • NFP: +40K • Private Payrolls: +35K • Unemployment: 4.1% • BofA expects soft August hiring, weighed down by summer seasonality. • Healthcare and education should lead gains, while construction remains supported by data-center demand. • Unemployment should hold at 4.1%, though stronger labor-force participation could lift it to 4.2%. • Fed takeaway: A weak print may have limited impact on September hike expectations, with August CPI likely more important. • GOLDMAN SACHS: SOFT JOBS, UNEMPLOYMENT STEADY • NFP: +40K • Private Payrolls: +40K • Unemployment: 4.1% • Wages: +0.4% MoM • Goldman Sachs expects subdued August job growth, citing weaker alternative data and a historical tendency for August payrolls to initially disappoint. • Wage growth should rebound to 0.4%, helped by calendar effects. • Bottom line: Unemployment is expected to remain stable at 4.1%, supported by steady continuing jobless claims. • Across the forecasts, the common theme is weak but broadly stable labor demand. Wells Fargo is the most optimistic of the six at +80K, while BofA and Goldman Sachs sit at the low end at +40K. • The bigger market signal may come from unemployment rather than payrolls. Most expect 4.1%, while Wells Fargo sees 4.2%. With the Fed assessing whether the labor market remains near full employment, the combination of payroll growth, unemployment, participation and wages could shape the initial rates reaction—even if next week’s inflation data ultimately carries more weight for September policy.

US JOBS REPORT: ALL EYES ON UNEMPLOYMENT • • The August U.S. jobs report is expected to show a modest recovery in hiring following July’s surprisingly weak reading, but economists remain cautious about the underlying strength of the labor market. • NFP: +55K expected vs. -23K prior • Private Payrolls: +40–50K • Unemployment: 4.1% expected • August payrolls could benefit from a rebound in government education jobs, while Haitian TPS expirations may create a 0–30K drag. • Further payroll revisions remain a risk. • With participation recently falling, the 4.1% unemployment rate may matter more than headline NFP. • Fed focus: Jobs are key, but next week’s CPI/PPI will likely matter more for September policy. • ANALYST VIEWS • WELLS FARGO: JOBS GROWTH TO REBOUND IN AUGUST • NFP: +80K expected • Unemployment: 4.2% • Wages: +0.3% MoM • Wells Fargo expects August hiring to partially rebound from July’s weakness, with alternative indicators suggesting job growth has stabilized. • Hiring plans are improving, job openings have leveled off and layoffs remain historically low. • Unemployment is expected to edge up to 4.2%, while wage growth remains contained. • Bottom line: Labor demand is soft but sufficient to support modest job growth and keep layoffs low. • DEUTSCHE BANK: AUGUST JOBS SET FOR MODEST REBOUND • NFP: +65K • Private Payrolls: +25K • Unemployment: 4.1% • Wages: +0.4% MoM • Deutsche Bank expects payrolls to rebound from July, mainly due to stronger state and local education hiring. • Private-sector hiring should remain subdued, while wage growth rebounds. • Unemployment is forecast at 4.1%, with some risk of 4.2%. • Fed takeaway: Even a slight unemployment rise is unlikely to materially change its labor-market outlook. • MORGAN STANLEY: JOBS TO REBOUND, UNEMPLOYMENT STEADY • NFP: +65K • Private Payrolls: +40K • Unemployment: 4.1% • Morgan Stanley expects modest hiring improvement in August, partly driven by a rebound in education jobs. • Immigration policy changes could subtract around 15K jobs. • Labor-force participation should partially recover, with unemployment holding at 4.1%. • Outlook: Morgan Stanley still sees unemployment rising to 4.3% by year-end, though slower labor-force growth poses downside risk. • JPMORGAN: SOFT AUGUST JOBS GROWTH AHEAD • NFP: +50K • Private Payrolls: +40K • Unemployment: 4.1% • JPMorgan expects subdued hiring in August, consistent with the recent 40–55K private-sector trend. • Seasonal summer weakness and immigration-status changes could weigh on payrolls, while July’s education-job decline may see little rebound. • Bottom line: Job growth remains historically soft, but a low hiring breakeven rate should keep the labor market relatively stable and unemployment near 4.1%. • BOFA: WEAK JOBS, BUT LABOR MARKET STILL STABLE • NFP: +40K • Private Payrolls: +35K • Unemployment: 4.1% • BofA expects soft August hiring, weighed down by summer seasonality. • Healthcare and education should lead gains, while construction remains supported by data-center demand. • Unemployment should hold at 4.1%, though stronger labor-force participation could lift it to 4.2%. • Fed takeaway: A weak print may have limited impact on September hike expectations, with August CPI likely more important. • GOLDMAN SACHS: SOFT JOBS, UNEMPLOYMENT STEADY • NFP: +40K • Private Payrolls: +40K • Unemployment: 4.1% • Wages: +0.4% MoM • Goldman Sachs expects subdued August job growth, citing weaker alternative data and a historical tendency for August payrolls to initially disappoint. • Wage growth should rebound to 0.4%, helped by calendar effects. • Bottom line: Unemployment is expected to remain stable at 4.1%, supported by steady continuing jobless claims. • Across the forecasts, the common theme is weak but broadly stable labor demand. Wells Fargo is the most optimistic of the six at +80K, while BofA and Goldman Sachs sit at the low end at +40K. • The bigger market signal may come from unemployment rather than payrolls. Most expect 4.1%, while Wells Fargo sees 4.2%. With the Fed assessing whether the labor market remains near full employment, the combination of payroll growth, unemployment, participation and wages could shape the initial rates reaction—even if next week’s inflation data ultimately carries more weight for September policy.

US JOBS REPORT: ALL EYES ON UNEMPLOYMENT • • The August U.S. jobs report is expected to show a modest recovery in hiring following July’s surprisingly weak reading, but economists remain cautious about the underlying strength of the labor market. • NFP: +55K expected vs. -23K prior • Private Payrolls: +40–50K • Unemployment: 4.1% expected • August payrolls could benefit from a rebound in government education jobs, while Haitian TPS expirations may create a 0–30K drag. • Further payroll revisions remain a risk. • With participation recently falling, the 4.1% unemployment rate may matter more than headline NFP. • Fed focus: Jobs are key, but next week’s CPI/PPI will likely matter more for September policy. • ANALYST VIEWS • WELLS FARGO: JOBS GROWTH TO REBOUND IN AUGUST • NFP: +80K expected • Unemployment: 4.2% • Wages: +0.3% MoM • Wells Fargo expects August hiring to partially rebound from July’s weakness, with alternative indicators suggesting job growth has stabilized. • Hiring plans are improving, job openings have leveled off and layoffs remain historically low. • Unemployment is expected to edge up to 4.2%, while wage growth remains contained. • Bottom line: Labor demand is soft but sufficient to support modest job growth and keep layoffs low. • DEUTSCHE BANK: AUGUST JOBS SET FOR MODEST REBOUND • NFP: +65K • Private Payrolls: +25K • Unemployment: 4.1% • Wages: +0.4% MoM • Deutsche Bank expects payrolls to rebound from July, mainly due to stronger state and local education hiring. • Private-sector hiring should remain subdued, while wage growth rebounds. • Unemployment is forecast at 4.1%, with some risk of 4.2%. • Fed takeaway: Even a slight unemployment rise is unlikely to materially change its labor-market outlook. • MORGAN STANLEY: JOBS TO REBOUND, UNEMPLOYMENT STEADY • NFP: +65K • Private Payrolls: +40K • Unemployment: 4.1% • Morgan Stanley expects modest hiring improvement in August, partly driven by a rebound in education jobs. • Immigration policy changes could subtract around 15K jobs. • Labor-force participation should partially recover, with unemployment holding at 4.1%. • Outlook: Morgan Stanley still sees unemployment rising to 4.3% by year-end, though slower labor-force growth poses downside risk. • JPMORGAN: SOFT AUGUST JOBS GROWTH AHEAD • NFP: +50K • Private Payrolls: +40K • Unemployment: 4.1% • JPMorgan expects subdued hiring in August, consistent with the recent 40–55K private-sector trend. • Seasonal summer weakness and immigration-status changes could weigh on payrolls, while July’s education-job decline may see little rebound. • Bottom line: Job growth remains historically soft, but a low hiring breakeven rate should keep the labor market relatively stable and unemployment near 4.1%. • BOFA: WEAK JOBS, BUT LABOR MARKET STILL STABLE • NFP: +40K • Private Payrolls: +35K • Unemployment: 4.1% • BofA expects soft August hiring, weighed down by summer seasonality. • Healthcare and education should lead gains, while construction remains supported by data-center demand. • Unemployment should hold at 4.1%, though stronger labor-force participation could lift it to 4.2%. • Fed takeaway: A weak print may have limited impact on September hike expectations, with August CPI likely more important. • GOLDMAN SACHS: SOFT JOBS, UNEMPLOYMENT STEADY • NFP: +40K • Private Payrolls: +40K • Unemployment: 4.1% • Wages: +0.4% MoM • Goldman Sachs expects subdued August job growth, citing weaker alternative data and a historical tendency for August payrolls to initially disappoint. • Wage growth should rebound to 0.4%, helped by calendar effects. • Bottom line: Unemployment is expected to remain stable at 4.1%, supported by steady continuing jobless claims. • Across the forecasts, the common theme is weak but broadly stable labor demand. Wells Fargo is the most optimistic of the six at +80K, while BofA and Goldman Sachs sit at the low end at +40K. • The bigger market signal may come from unemployment rather than payrolls. Most expect 4.1%, while Wells Fargo sees 4.2%. With the Fed assessing whether the labor market remains near full employment, the combination of payroll growth, unemployment, participation and wages could shape the initial rates reaction—even if next week’s inflation data ultimately carries more weight for September policy.

According to a report by Cailian Press on September 2, ADP reported that the U.S. added 38,000 jobs in August, compared with market expectations of 47,000 and a previous increase of 44,000.

INSIGHT: All eyes on Friday's jobs report as September kicks off. • • July payrolls fell 23K, with May/June revised down a combined 103K, raising the stakes for August's reading (est. +58K). • • A weaker print could cool rate-hike bets; a rebound could do the opposite.

US JOBS COULD BEAT EXPECTATIONS — WOLFE SEES 65K PAYROLL GAIN • • Wolfe Research expects 65,000 jobs added in August, above the 55,000 consensus, with unemployment rising slightly to 4.16%. • • Private payrolls are forecast to add 75,000 jobs, partly offset by a 10,000 decline in government employment. • • Wage growth is expected at 0.35% month-over-month, also above consensus. • • Wolfe says markets may react significantly only if payrolls fall outside the 40K–100K range, while September’s Fed decision will likely depend more on inflation data.

US JOBS COULD BEAT EXPECTATIONS — WOLFE SEES 65K PAYROLL GAIN • • Wolfe Research expects 65,000 jobs added in August, above the 55,000 consensus, with unemployment rising slightly to 4.16%. • • Private payrolls are forecast to add 75,000 jobs, partly offset by a 10,000 decline in government employment. • • Wage growth is expected at 0.35% month-over-month, also above consensus. • • Wolfe says markets may react significantly only if payrolls fall outside the 40K–100K range, while September’s Fed decision will likely depend more on inflation data.

US JOBS COULD BEAT EXPECTATIONS — WOLFE SEES 65K PAYROLL GAIN • • Wolfe Research expects 65,000 jobs added in August, above the 55,000 consensus, with unemployment rising slightly to 4.16%. • • Private payrolls are forecast to add 75,000 jobs, partly offset by a 10,000 decline in government employment. • • Wage growth is expected at 0.35% month-over-month, also above consensus. • • Wolfe says markets may react significantly only if payrolls fall outside the 40K–100K range, while September’s Fed decision will likely depend more on inflation data.

Average Weekly U.S. Private Employment Change for 4 Weeks Ended August 1: 9,500 - ADP