From Calculated Risk:
Here is a summary of recent data:
• The ADP employment report showed an increase of 204,000 private sector payroll jobs in August. This was below expectations of 213,000 private sector payroll jobs added.
• The ISM manufacturing employment index decreased slightly in August to 58.1%. A historical correlation between the ISM manufacturing employment index and the BLS employment report for manufacturing, suggests that private sector BLS manufacturing payroll jobs increased about 25,000 in August.
The ISM non-manufacturing employment index increased in August to 57.1%. A historical correlation between the ISM non-manufacturing employment index and the BLS employment report for non-manufacturing, suggests that private sector BLS non-manufacturing payroll jobs increased about 260,000 in August.
• Initial weekly unemployment claims averaged close to 300,000 in August, down from 302,000 in July.
• The final August Reuters / University of Michigan consumer sentiment index increased to 82.5 from the July reading of 81.8.
• The small business index from Intuit showed a 0.01% increase in small business employment in August (hours worked increase sharply in the Intuit index).
There is always some randomness to the employment report, but I expect the BLS will report over the consensus of 230,000 nonfarm payrolls jobs added in August.
Fair enough. More here.
