US Non-Farm Employment Change

The US added more jobs than expected in September and the unemployment rate ticked down, signs the labor market is strengthening heading into the US presidential election. US nonfarm payrolls rose by 254,000 workers last month, and the jobless rate fell to 4.1pc, the Labor Department reported Friday. Gains in August were revised up by 17,000 to 159,000 and those in July were revised up by 55,000 to 144,000. September's job gains were much higher than the 140,000 estimated by economists in a Trading Economics survey. Job gains blew ...

The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year. The labor market, however, is likely to experience some brief turbulence after Hurricane Helene devastated large swathes of the U.S. Southeast last week. Tens of thousands of machinists at Boeing also went on strike in September, with ripple effects on the ...

Oil and the dollar rose as tensions in the Middle East unnerved investors ahead of US jobs data due later Friday that will help identify the path ahead for interest rates. West Texas Intermediate crude extended gains early Friday after rising more than 5% Thursday to a one-month high, along with global benchmark Brent. The rise accelerated after puzzling comments from President Joe Biden, who told reporters the US was discussing whether to support potential Israeli strikes against Iranian oil facilities. Investors are concerned that, ...

September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it would. Nonfarm payrolls are projected to show growth of 150,000, from 142,000 the month before, with a steady unemployment rate of 4.2%, according to the Dow Jones consensus. On the wage side, the forecast is for a 0.3% monthly gain and a 3.8% increase from a year ago — the annual rate being the same as August. Should the numbers come ...

Forecast: 150,000 jobs, 4.2% unemployment rate The U.S. jobs report has overtaken inflation as the chief worry of the Federal Reserve as it plots how fast to cut interest rates. Hiring has slowed and the unemployment rate has risen, but there's no sign the labor market is collapsing. Here's what to watch in the September jobs report on Friday morning. Headline jobs The U.S. likely added a decent 150,000 jobs in September, Wall Street DJIA economists say. In August, the preliminary estimate was 142,000. Such an increase would fall ...

The appetite of Federal Reserve policymakers for another large interest-rate cut in November may come into better focus in the coming week as Jerome Powell addresses economists and the government issues new employment numbers. The Fed chair will discuss the US economic outlook at a National Association for Business Economics conference on Monday. At the end of the week, the September jobs report is expected to show a healthy, yet moderating, labor market. Payrolls in the world’s largest economy are seen rising 146,000, based on the ...

The coming week’s main focal points are likely to be US nonfarm payrolls and wages, Eurozone CPI, and potentially key central bank speak from Federal Reserve and ECB officials. As the seasons shift to autumn in the northern hemisphere, so may the seasonal adjustments to nonfarm payrolls become more favourable and—if so—then in a way that may temper concerns about the US job market and how quickly the FOMC should be cutting rates. Watch for key addresses by Powell and Lagarde plus other officials, and Colombia’s central bank will ...