The August NFP is due on Friday 7 September 2018 at 1230GMT, I popped up a preview for it here yesterday:

What to watch:

  • headline change expected +198K, prior +157K
  • Unemployment rate expected 3.8%, prior 3.9%
  • average hourly earnings expected +0.2% m/m, prior +0.3%
  • average hourly earnings expected +2.7% y/y, prior +2.7%

Via Goldman Sachs, the bank looking for a headline +175 result for the August report:

  • While continued strength in employment surveys and jobless claims data suggest underlying labor demand remains solid, we expect a drag of around 40k from negative residual seasonality
  • We estimate the unemployment rate fell one tenth to 3.8%
  • We expect average hourly earnings to increase 0.2% month over month and 2.7% year over year