August jobs report to show further 'softness growing' in the US labor market as Fed rate cuts near

[mahatmakanejeeves]

Yahoo Finance
August jobs report to show further 'softness growing' in the US labor market as Fed rate cuts near

Jake Conley • Breaking Business News Reporter
Thu, September 4, 2025 at 11:30 AM EDT 2 min read

The US labor market is slowing down.

After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy.

Economists expect the US economy added 75,000 jobs in August while the unemployment rate is expected to have risen to 4.3%, according to data from Bloomberg. Economists are also expecting hourly earnings to have increased 0.3% over the prior month in August and 3.7% over last year.

{snip}

[progree]

1. Link to today's ADP report of PRIVATE sector payrolls (just 54,000 added in August). And comparison between

BLS and ADP on private sector job growth month-by-month for last 2 years (post #11 in below thread), which have wide differences .

https://www.democraticunderground.com/10143523753

See also https://www.democraticunderground.com/10143523753#post10 on ADP report generally, what it is (their payroll services cover about 20% of the private sector, and nobody seems to know how they extrapolate the other 80%. Oh I know there's great-sounding babble-speak on their website, but it doesn't answer the question).

[mahatmakanejeeves]

2. Latest version, updated 2:45 AM

Yahoo Finance
August jobs report to show further 'softness growing' in the US labor market as Fed rate cuts near

Jake Conley • Breaking Business News Reporter
Updated Fri, September 5, 2025 at 2:45 AM EDT 2 min read

The US labor market is slowing down.

After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy.

Economists expect the US economy added 75,000 jobs in August while the unemployment rate is expected to have risen to 4.3%, according to data from Bloomberg. Economists are also expecting hourly earnings to have increased 0.3% over the prior month in August and 3.7% over last year.

{snip}