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Solid US employment gains expected in August; jobless rate seen falling

The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 per cent

Reuters  |  Washington 

  US employment growth likely moderated in August after two straight months of hefty gains, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. Non-farm payrolls likely increased by 180,000 jobs last month, according to a Reuters survey of economists, around this year's monthly average job growth. The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 per cent. The Labor Department will release its closely watched employment report on Friday and readings in line with ...

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First Published: Fri, September 02 2016. 17:18 IST
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