"The Great Resignation Ends as August Jobs Report Signals Slowing Labor Market"

The August jobs report, set to be released on Friday, is expected to show a slowdown in the labor market, with hiring projected to have increased by 170,000 last month and the unemployment rate remaining steady at 3.5%. This would mark a drop from July's gain of 187,000 jobs and the average monthly increase recorded over the past year. The report will be closely watched by investors and the Federal Reserve for signs of a softening labor market amid concerns about inflation. Factors such as the ongoing actors and writers strike and the bankruptcy of trucking giant Yellow may impact the data. Slower job growth and moderation in wage gains could be seen as positive by the central bank.