NFP is estimated to rise by 180K in August. Down from an above trend 255K last month
The US employment report will be released tomorrow at 8:30 AM ET, with estimates calling for 180K new non farm payroll jobs. The Unemployment rate is expected to fall back to 4.8% after a tick up to 4.9% last month. There is lots of rumblings that the August report tends to get revised up. Last month traders and analysts were saying the report was overstated because of seasonal. This month they already have the August report being revised next month when the September report is released. Aren’t seasonal’s adjusted from time to time to reflect changes in seasonals?