CNN —
The US economy appears to be on a knife’s edge, and Friday’s jobs report will be the deciding factor as to the next direction.
The August jobs report is expected to provide some much-needed clarity as to whether the labor market is slowing gracefully or spiraling quickly as was indicated by the recent weeks’ bleak batch of employment data.
“The next set of job numbers released this week will be among the most consequential in a while,” Tuan Nguyen, US economist at RSM US, wrote in commentary issued Wednesday.
Economists
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