US NFP: Expect a 300K increase for August – Societe Generale

Analysts at Societe Generale offer a sneak peek at what they expect from the all-important US Nonfarm Payrolls release due later this Friday at 1230 GMT.

Key quotes

“We project a 300K increase for August non-farm jobs.”

“A gain near our forecast of 300K implies either a return of workers back into the workforce or further declines in the unemployment rate.”

“We look for the unemployment rate to hold steady at 3.5%.”

“The return of workers should lift the labor force participation rate from the 62.1 level posted for July.”

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