Was a paltry increase in U.S. hiring in August just a speed bump or a sign of bigger problems with the economy? We might be about to find out.
Wall Street expects the Labor Department’s employment report for September, due Friday, to show that hiring more than doubled to a half-million new jobs. Yet a surprising labor shortage of sorts threatens to stymie businesses and retard the economic recovery.
Here is what to watch in Friday’s critical U.S. jobs report.
Economists polled by The Wall Street Journal predict 500,000 new jobs were created in September, more than doubling a meager 235,000 gain in August.
Such a gain would ease anxiety among investors and keep the Federal Reserve on track to announce plans in November to scale back stimulus for the U.S. economy.
There’s no doubt companies want to hire and many are even offering higher pay. Most can’t produce enough goods and…