Economics
Last U.S. Jobs Report Pre-Election Set to Show Recovery Slowing
- U.S. payrolls seen rising 859,000 following 1.37 million gain
- Wave of layoffs suggests coming months will be challenging
This article is for subscribers only.
The last U.S. jobs report before November’s presidential election is projected to show a sharp deceleration in labor-market gains, suggesting the winner will inherit an increasingly shaky economic rebound.
Employers probably added 859,000 workers in September following 1.37 million in August -- a figure that was boosted by temporary Census hires -- according to the median projection of analysts ahead of Friday’s Labor Department data. The jobless rate likely fell only slightly, to 8.2%.