Jobs Day in U.S. and Canada, Currency War, ECB Preview: Eco Day

(Bloomberg) — Welcome to Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

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It’s U.S. jobs day — here’s what to expect and how to read the dataThe U.S. is in crisis: A closer look at how income inequality, partisanship, health disparities, the recession, racism and climate change are affecting the countryCanada also reports employment numbers today — read our previewGrowing unease among global central banks about the slumping U.S. dollar has ignited speculation that a fresh currency war might be on the horizonImport restrictions aimed at protecting the Argentinian central bank’s falling reserves of dollars are hindering the country’s key farm industry, according to a trade groupThe U.K. is one of the first countries in Europe to start withdrawing the emergency measures it extended to help the economy through the coronavirus, a move that could imperil millions of jobsThe

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August jobs report preview: Economists expect job gains at slower pace

  • The median economist estimate for Friday’s US nonfarm payrolls report is that the economy added 1.37 jobs in August, according to Bloomberg data. 
  • That’s a slower pace of jobs gained than in previous months, signaling that the labor market recovery is faltering as the coronavirus pandemic persists. 
  • “We shouldn’t confuse some improvement with a economy that is roaring back,” Nick Bunker, an economist at Indeed, told Business Insider. 
  • Visit Business Insider’s homepage for more stories.

Economists expect that Friday’s August nonfarm payrolls report, set to be released by the Labor Department, will show that the pace of the recovery from the coronavirus pandemic has lost further momentum. 

The median economist estimate is that the US economy added back 1.37 million jobs in August, according to Bloomberg data. That’s less than the 1.8 million added in July and the 4.8 million added in June. Again, there is a wide range of

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