Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued

As Phase One of reopening begins in Northern Virginia today, a waiter in a face mask to protect against the coronavirus (COVID-19) carries food to diners seated outdoors at a restaurant in Alexandria, Virginia, May 29, 2020.

Kevin Lamarque | Reuters

The pace of rehiring is expected to have slowed in August, and the economy likely added fewer jobs than in July as workers continue to be laid off.

Economists expect 1.32 million jobs were added in August, and that the unemployment rate fell to 9.8%, according to a Dow Jones survey. That compares to 1.76 million job gains in July and an unemployment rate of 10.2%. The August employment report is expected to be released at 8:30 a.m ET Friday.

“Retail spending and durable goods orders are up. The economy is progressing,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If that is the case, the labor

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Jobs outlook for central Ohio much weaker than a year ago



A help wanted sign hangs on the door of a Target store last week in Uniontown, Pa. [Gene J. Puskar/ASSOCIATED PRESS]


© Provided by The Columbus Dispatch
A help wanted sign hangs on the door of a Target store last week in Uniontown, Pa. [Gene J. Puskar/ASSOCIATED PRESS]

Manpower’s quarterly jobs outlook for central Ohio this fall is much weaker than during the same period last year.

Blame the coronavirus pandemic and the damage it has done to the economy.

The survey, released Tuesday, shows that 15% of employers expect to hire in the final three months of 2020, while 10% say they’ll cut staff. Of the rest, 72% will keep staffing where it is and 3% are unsure.

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The five-point spread between hiring and firing is 26 points below where it was a year ago, when central Ohio had the strongest hiring outlook in the country among the 100 biggest metro areas and the weakest outlook among Ohio’s big metro areas.

Dayton has the strongest outlook with a

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