August Jobs Report: 125,000 New Jobs Expected

Bianna Golodryga on what to expect when the jobs report is released.
3:00 | 09/07/12

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Transcript for August Jobs Report: 125,000 New Jobs Expected
could be news that's crucial to the presidential election. We're about to get a key reading on how many jobs have been created in the last month. It comes after a huge rally on wall street yesterday. And abc's bianna golodryga is here. Bianna, what do we expect from the new jobs numbers this morning? Reporter: An important number. Good morning, elizabeth. We're expecting to find out that 125,000 jobs were created in the month of august. The unemployment rate is expected to remain unchanged at 8.3%. It has been above 8% the last 3 1/2 years. This is a crucial report, even if we have more jobs added. This is a positive number. We need to see more like 200,000 jobs added to bring this number down. This is a crucial number, elizabeth. We expect that to remain at 8.3%. And the markets are surging. The dow was up 250 points yesterday. What's happening? Reporter: We had good use overseas. They bought up a lot of bonds from the weaker economies in europe. We got another report in the u.S., An independent report, suggesting that the private sector added some 200,000 jobs last month. That's great news. But we're seeing job losses continuing in the government sector, such as education jobs, as well. That's what we're paying attention to today's report. Thanks so much, bianna.

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