The US economy is expected to have added 56K jobs in August 2026, marking a modest rebound after a surprising decline of 23K in July. The private sector is forecast to have accounted for 45K of those gains. Local government education employment is expected to recover and a rebound is also anticipated in the leisure and hospitality industry. However, these gains could be offset by the termination of Temporary Protected Status (TPS) for hundreds of thousands of Haitian immigrants, which has affected their work authorization and ability to remain employed. Meanwhile, the unemployment rate is expected to have remained unchanged at 4.1%, hovering near a one-year low. Average hourly earnings are projected to have increased 0.3% from the previous month and 3.0% from a year earlier, which would mark the weakest annual growth since May 2021. Overall, the report is expected to point to a relatively stable, albeit subdued, labor market.