14 days ago • Posted by Djellza Kolloni

US Job growth likely slowed in August

As the labor market continues to improve, the US economy is expected to add 750K jobs this month. Even so, it would be the slowest job increase in three months, with employment approximately 5 million jobs below than it was in February 2020. Although job increases in leisure and hospitality are predicted to slow due to lower demand for travel and leisure activities as the coronavirus delta variant spreads, school-related hiring is expected to have the greatest impact. The NFP report will be closely watched by investors in order to determine the outlook for tapering. Source: TradingEconomics