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Story summary
- The U.S. Labor Department is expected to report a 56,000-job gain in August, with unemployment steady at 4.1%.
- Morgan Stanley chief economist Michael Gapen said revoking Haitian Temporary Protected Status (TPS) could remove 15,000 jobs from payrolls.
- He noted Haitian TPS workers currently hold an estimated 160,000 jobs nationwide.
- EY-Parthenon chief economist Gregory Daco said labor-force participation fell a percentage point since 2024, due to aging and lower immigration.
