All eyes focused on employment report
Evan McDaniel | evan.mcdaniel@optionmonster.com
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Today's economic calendar will focus on the Employment Situation Report at 8:30 a.m. ET.
The consensus forecast for August non-farm payrolls is 125,000, down from July's 163,000 jobs. Estimates range from 70,000 to 177,000.
The national unemployment rate is expected to remain unchanged at 8.3 percent, with estimates ranging from 8.2 percent to 8.4 percent.
The average hourly earnings are projected at 0.2 percent, a gain from 0.1 percent in July and within a range of forecasts between 0.1 percent and 0.3 percent. The average workweek is expected to remain unchanged at 34.5 hours.
The consensus estimate for private payrolls is 134,000, down from July's 172,000. Forecasts range from 80,000 to 177,000 jobs.
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