A Labor Market Limping Along The August jobs report is set to be released on Friday, and it's expected to show modest growth of 53,000 new nonfarm payrolls, according to the Dow Jones consensus estimate.
This would keep the unemployment rate steady at 4. 1%, but it's not a cause for celebration. Recent data from June and July has hinted at a sluggish market, with a net loss of 3,000 jobs over those two months.
The initial numbers have been revised lower for the past four years in a row, suggesting that something is amiss.