Welcome to another US Jobs Friday! As we look at the latest consensus estimates, expectations suggest that September will bring an addition of roughly 85,000 nonfarm payrolls. This represents a noticeable slowdown compared to the growth of 162,000 we experienced in August.
Aside from the primary payroll numbers, forecasters anticipate that the remaining vital metrics will stay completely stable. The unemployment rate is projected to hold its ground at 4.1%, just as the labor force participation rate is expected to remain steady at 61.6%. Regarding wages, average hourly earnings are predicted to show a monthly increase of 0.3%, which translates to a yearly growth rate of 3.1%.
#economy #markets #jobs #employment #unemployment #wages
Aside from the primary payroll numbers, forecasters anticipate that the remaining vital metrics will stay completely stable. The unemployment rate is projected to hold its ground at 4.1%, just as the labor force participation rate is expected to remain steady at 61.6%. Regarding wages, average hourly earnings are predicted to show a monthly increase of 0.3%, which translates to a yearly growth rate of 3.1%.
#economy #markets #jobs #employment #unemployment #wages