Upbeat Monthly Jobs Report Expected Tomorrow

Experts are saying tomorrow’s employment report reflecting the month of August will be better than anticipated.

Josh Shapiro, chief U.S. economist for MFR, Inc., told MarketWatch, “The evidence is that the labor market is chugging ahead here. It is not great, but it is not falling apart either.”

As for guesses, the unemployment rate is anticipated to remain steady at 8.3 percent. This number reflects the percentage when we entered 2012. That said, weekly jobless claims apparently dropped by 12,000 so there appears to be an uptick in people re-entering the job market.

According to analysts, if the market has a job number of gains higher than 100,000, that would be a pretty good report.