US Jobs Report May Show Hiring Bounce, Decide Size of Fed Cut

Forecasters anticipate a monthly report on US employment will show a bounce in hiring and a tick lower in the unemployment rate in August, marking a stabilization after the July data sparked a growth scare in financial markets.

Payrolls probably rose by 165,000 last month following July’s 114,000 increase, according to the median estimate in a Bloomberg survey of economists. Unemployment probably edged down to 4.2%, the report due Friday from the Bureau of Labor Statistics is expected to show.

The numbers may effectively decide the size of the interest-rate cut the Federal Reserve elects to undertake at ...