It's the final week of the month already. And as August draws to a close, it's time for the U.S. labor market to again go under the microscope.

The nonfarm payrolls report will be released on Friday, Sept. 1, in what is the most highly anticipated and closely scrutinized economic data point of any month.

The number of jobs added to the U.S. economy is expected to slow down after July marked the fifth month over 200,000 so far this year. Economists surveyed by FactSet anticipate 172,500 jobs to have been added to nonfarm payrolls in August, slowing from a pace of 209,000 in July. 

The unemployment rate is expected to hold steady at 4.3%, while hourly earnings are forecast to have climbed 0.3% month on month. Private payrolls data from Automatic Data Processing will be released on Wednesday, Aug. 30. 

Benchmark stock indexes are currently on track to close the summer month lower. The Dow Jones Industrial Average has declined 0.35% so far in August, while the S&P 500 has fallen 1.1%.

President Trump.
President Trump.

Consumer data also will be on watch in the coming week with a reading on confidence for August to be released on Tuesday, Aug. 29; personal income and outlays for July on Thursday, Aug. 31; and motor vehicle sales for August, and the final reading on consumer sentiment for August on Friday, Sept. 1. 

Also on the economic calendar in the coming week: International trade in goods for July will be released on Monday, Aug. 28; the S&P Corelogic Case-Shiller home price index for June will be issued on Tuesday; the second estimate of second-quarter GDP on Wednesday; Chicago PMI for August, and pending home sales for July on Thursday; and the PMI manufacturing index and ISM manufacturing index for August, and construction spending for July on Friday. 

It's a slow end to the earnings season with mostly retail names still left to report. More than 90% of companies in the S&P 500 already have showed their books for the quarter with the majority passing earnings and sales estimates. 

In retail and consumer earnings, Best Buy Co. (BBY) , and Hain Celestial Group Inc. (HAIN) will release reports on Tuesday; Bob Evans Farms (BOBE) , Brown-Forman Corp. (BF.A) , Ctrip.com International Ltd. (CTRP) , Five Below Inc. (FIVE) , Shoe Carnival Inc. (SCVL)  and Vera Bradley Inc. (VRA) on Wednesday; and Campbell Soup Co. (CPB) , Dollar General Corp. (DG) , Land's End Inc. (LE)  and Lululemon Athletica Inc. (LULU) on Thursday.

Other earnings in the coming week include H&R Block Inc. (HRB) on Tuesday; Anolog Devices Inc. (ADI) , Box Inc. (BOX) , Greif Inc. (GEF)  and Workday Inc. (WDAY) on Wednesday; and Ambarella Inc. (AMBA) , Ciena Corp. (CIEN)  and Palo Alto Networks (PANW) on Thursday.

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