Risk
Nail-Biting Time for Stock Market as Jobs Report Looms
The August employment-growth tally, to be unveiled Friday, has investors on edge.
Pantheon’s Shepherdson finds that need for hiring amid solid economic growth calmed worries.
The 35-day closure will pump the jobless rate up to 4.1% for January, RSM’s Brusuelas says.
Productivity, industry concentration, working insecurity, and baby boomers make up Natixis economist’s list.
Labor demand likely strong enough to keep pushing unemployment down.
It boosts rates as part of an ongoing drive, reminiscent of the pre-Great Recession hiking.