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September 6th, 2012
07:11 AM ET

Will August jobs numbers be 'anemic'? Christine Romans previews Friday's less-than-optimistic forecast

NEW YORK (CNNMoney) - The stakes are high and the forecast is gloomy, ahead of the August jobs report scheduled to be released Friday by the Labor Department.

A month ago, that report showed businesses added 163,000 jobs in July. Job gains at that level were the strongest in five months, but still were not robust enough to keep up with population growth. The unemployment rate ticked up to 8.3%.

Unfortunately, August doesn't look like it fared much better.

Employers probably added about 120,000 jobs, keeping the unemployment rate at its current level, according to economists surveyed by CNNMoney. The August jobs report is a critical one, given the Federal Reserve meets less than a week later.

This morning on "Early Start," Christine Romans looks at the jobs forecast and explains why she describes it as 'anemic.'

Read more: Outlook gloomy for August jobs report

Filed under: Jobs • Minding Your Business
soundoff (One Response)
  1. netdragon

    ADP's estimates were 200,000.

    September 6, 2012 at 1:53 pm | Reply

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