We expect a 750,000 gain in payrolls in August which, although slightly weaker than the gains seen in June and July, would be enough to push the unemployment rate down to 5.1% and would probably count as “substantial further progress” in the eyes of many Fed officials.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services