U.S. August Unemployment Rate Forecasts Range From 4.0% to 4.2%

According to Jin10, institutions forecast U.S. August unemployment rate readings ranging from 4.0% to 4.2%, compared with 4.1% previously. Moody's Analytics and Nomura Securities both expect 4.0%; Barclays, Danske, Capital Economics, Deutsche Bank, Goldman Sachs Group, HSBC, JPMorgan, Mizuho Securities, Monex, Oxford Economics, Pantheon Macroeconomics, Morgan Stanley, Royal Bank of Canada, BNP Paribas, Stifel, TD Securities, BMO, ABN AMRO, Citigroup, Commerzbank, Jefferies, Daiwa Capital, DZ Bank, ING Group, Lloyds, Nomura Securities, Scotiabank, Santander Bank, Standard Chartered, UBS Group, and UniCredit all expect 4.1% or 4.2%.