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88% Informative
Friday ’s monthly jobs report will likely mark a pivotal moment for the economy and the Federal Reserve .
If it shows that hiring was weak in August and that the unemployment rate rose, it would heighten worries that the job market is stumbling.
If, on the other hand, hiring picked up from July 's gain of just 114,000 or unemployment rate fell from 4.3% to 4.2% .
The Fed might seek to deliver a stimulus with a larger-than-usual interest rate cut later this month .
“Everyone's in a bit of a holding pattern,” said Becky Frankiewicz , president of North America at staffing giant Manpower. “Everyone's watching that mid-September meeting, to free up and start spending.”.
VR Score
94
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95
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