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US job growth expected to slow in September; unemployment rate likely steady
Economists expect 84,000 new jobs and steady wage gains as layoffs stay low, reinforcing the view that the labor market remains stable.
- On Friday, the Bureau of Labor Statistics releases its September nonfarm payrolls report, providing critical insight into U.S. labor market stability as the Federal Reserve weighs its next policy move.
- Fed Vice Chairman Philip Jefferson noted on Thursday that labor conditions have stabilized, citing payroll gains that broadened to many sectors despite recent volatility and low layoffs.
- Wage growth is forecast at 3.2% for September, while first-time unemployment insurance claims edged down to 197,000 last week, reflecting resilient labor market conditions.
- Market expectations for an October rate hike dropped to 37% on Wednesday after cooler inflation data, with New York Fed President John Williams suggesting policymakers might wait.
- Investors remain focused on elevated long-term Treasury yields, driven by Washington's enormous deficits and growing government debt supply, a challenge the Fed cannot immediately resolve.
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US job growth expected to slow in September; unemployment rate likely steady - Regional Media News
By Lucia Mutikani WASHINGTON, Oct 2 (Reuters) - US job growth likely slowed in September and the unemployment rate is forecast to have been 4.1% for a third straight month, suggesting the labor market remained stable heading into the fourth quarter. The anticipated moderation would [...]
US job growth expected to slow in September; unemployment rate likely steady
By Lucia Mutikani WASHINGTON, Oct 2 (Reuters) - US job growth likely slowed in September and the unemployment rate is forecast to have been 4.1% for a third straight month, suggesting the labor market remained stable heading into the fourth quarter. Th...
Coverage Details
Total News Sources17
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
Factuality
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