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August jobs report set for Friday as labor market stays subdued
Economists expect August nonfarm payrolls to rise by 53,000, with the Fed expected to keep its focus on inflation given a softer labor market.
CNBC Economy says the August jobs report arrives on Friday, with investors and policymakers watching for signs of labor market momentum as summer data has remained relatively subdued.
The consensus forecast calls for August nonfarm payrolls to increase by 53,000, a relatively modest pace that keeps attention on inflation rather than a rapid cooling rebound in employment, according to CNBC Economy.