The labor market is in focus ahead of the August jobs report which will play a major part in determining when and how the Federal Reserve will start unwinding its bond program.
Economists polled by Dow Jones expect 750,000 jobs were created in August and the unemployment rate fell to 5.2%. Fed Chairman Jerome Powell last Friday acknowledged that the central bank aims to taper its $120 billion a month bond-buying program this year, but stressed the need for more strong employment data before any further decisions would be made.
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