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The Independent UK
The Independent UK
National
Paul Wiseman

US jobs report for August could point to a moderating pace of hiring as economy gradually slows

United States Economy US Federal Reserve Jobs Report the Labor Department Inflation
Copyright 2023 The Associated Press. All rights reserved

Slowly and steadily, an overheated American job market is returning to room temperature.

The Labor Department is expected to report Friday that U.S. employers — companies, nonprofits and government agencies combined — added 170,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be down from the 187,000 jobs that were added in July and would be the lowest monthly gain since December 2020.

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