At 8:30 AM EDT the Employment Situation report for August will be announced, and the consensus for non-farm payrolls is an decrease of 70,000 jobs compared to a loss of 131,000 in July, the consensus for private payrolls is an increase of 40,000 jobs compared to a gain of 71,000 in July, the consensus for the unemployment rate is that it will increase by 0.1% to 9.6%, the consensus average hourly earnings rate is expected to increase 0.1%, and the consensus for the average workweek is 34.2 hours.
At 10:00 AM EDT, the ISM non-manufacturing index for August will be released. The consensus estimate is that it decreased 1.3 points last month to a value of 53.0, but will continue to signal economic growth as it remains well above the mid-point of 50.
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