Jobs Friday coming in hot.
Consensus: ~85k nonfarm payrolls for September. Down from 162k in August.
Unemployment expected to hold at 4.1%. Participation rate steady at 61.6%. Wage growth still ticking at 0.3% monthly / 3.1% annually.
Nothing screaming panic. Nothing screaming boom either.
Just a labor market cooling off at a controlled pace — exactly what the Fed wants to see before they keep cutting rates. Watch the revisions. They've been brutal lately and matter more than the headline.
Consensus: ~85k nonfarm payrolls for September. Down from 162k in August.
Unemployment expected to hold at 4.1%. Participation rate steady at 61.6%. Wage growth still ticking at 0.3% monthly / 3.1% annually.
Nothing screaming panic. Nothing screaming boom either.
Just a labor market cooling off at a controlled pace — exactly what the Fed wants to see before they keep cutting rates. Watch the revisions. They've been brutal lately and matter more than the headline.