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Next month's jobs report likely closer to 'what the Fed is looking for' -CIO

Reuters Videos
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2 個月前

STORY: The U.S. Labor Department's nonfarm payrolls data for September, out on Friday (Oct. 6), will follow a better-than-expected ADP National Employment report that came out Wednesday (Oct. 4).

Investors will look for signs of softness in the jobs data that could signal slowing U.S. rate hikes and possibly a weakening in of the dollar after this year's sharp rally.

The U.S. economy is forecast to have added 250,000 jobs in September, which would be the lowest monthly jobs gain since December 2020. The unemployment rate is expected to hold steady at 3.7%, according to Refinitiv estimates.

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