What To Look For In The August 2023 Jobs Report

The U.S. jobs report for August will be reported on September 1 at 8:30 a.m. ET. Unemployment is expected to remain within the historically low range of 3.4% to 3.7% that has been maintained since March 2022.

This is, in part, as the economy continues to grow in Q3 according to nowcasts from Atlanta Federal Reserve, and less optimistic but still positive assessments from economists. However, economists will be watching for sector-level trends that might signal where the U.S. jobs market is heading.