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      US August Non-Farm Payrolls Forecasts Released by Major Banks

      Major financial institutions have released their forecasts for the upcoming August Non-Farm Payroll (NFP) report, with predictions ranging from a modest increase of 16,000 jobs by RBC to a more optimistic estimate of 95,000 jobs by TD Securities. The median forecast among the banks is set at an increase of 55,000 jobs, a significant rebound from the prior month's reported decline of 23,000 jobs.

      The unemployment rate is expected to remain relatively stable, with most banks projecting it to hover around 4.1% to 4.2%. Notably, Jefferies and Santander both anticipate the highest job growth at 85,000, while Deutsche Bank and several others predict increases of 65,000 jobs. This data comes as economists closely monitor employment trends amid ongoing economic recovery efforts.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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