Expiration of Haitian TPS Poses Downside Risk to August Payrolls
Dow Jones09-02
1109 ET - A key downside risk to August's payroll numbers is the expiration of TPS-related work authorization for Haitian nationals, wrote EY-Parthenon's chief economist Gregory Daco and senior economist Lydia Boussour. Roughly 200,000 individuals are estimated to have held work authorization under the temporary protected status program, though the number of directly affected workers remains uncertain. Economists polled by The Wall Street Journal expect 53,000 jobs added on Friday--higher than EY-Parthenon's estimate of 35,000.
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