US August NFP to Rebound to 58K, Influencing Fed Rate Hike Decision

The US Bureau of Labor Statistics (BLS) is set to release its Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT.

Investors expect NFP to rise by 58,000 in August following July's unexpected print of -23,000. The Unemployment Rate is seen holding steady at 4.1%, while annual wage inflation, as measured by the change in Average Hourly Earnings (AHE), is projected to soften to 3% from 3.2%

TD Securities forecasts a rebound in August payrolls, with an expected increase of 95,000 jobs after July's decline.