WASHINGTON (AP) — Signs of improvement in the U.S. economy emerged this week, and the jobs report the government will issue Friday will show whether that strength is fueling consistent hiring gains.
The August employment report will be the most significant economic data to be released before the Federal Reserve meets Sept. 17-18. Many economists expect the Fed to decide then to slow its monthly bond purchases.
Analysts predict a solid gain of 177,000 jobs for August, above total but just below the monthly average this year of 192,000. The unemployment rate is expected to remain 7.4 percent.
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