Hiring Probably Limited by Cooling Demand: U.S. Economy Preview

Bloomberg reports:

Payrolls probably grew at a slower pace in August and unemployment exceeded 8 percent for a 43rd month, highlighting why Ben S. Bernanke said the lack of jobs is a “grave concern” for U.S. policy makers, economists said before a report this week.

The employment tally of 125,000 would follow a 163,000 gain in July, according to the median forecast of 71 economists surveyed by Bloomberg ahead of Labor Department figures Sept. 7. The jobless rate likely held at 8.3 percent. A separate report may show manufacturing teetered between growing and shrinking.