Anticipated US jobs rebound before Fed rate decision
Expectations of an economic recovery in the U.S. labor market during August, with approximately 56,000 new jobs added after a decline in July. However, challenges persist due to the decrease in employment in the education sector and the end of Temporary Protected Status for Haitian migrants. The unemployment rate is expected to remain at 4.1%, but the impact of ending the temporary protection could lead to an additional decline of around 15,000 jobs, particularly in labor-intensive industries. These factors are likely to influence decisions on raising U.S. interest rates, amid ongoing issues in the housing market and rising bond yields, which are putting additional pressure on the American economy.
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