The United States is scheduled to publish its September nonfarm payrolls report at 20:30 Beijing time on Friday. A recent Reuters survey showed economists expect U.S. nonfarm payrolls to rise by 90,000 in September, well below the 162,000 increase recorded in August. The unemployment rate is expected to hold at 4.1% for a third straight month. The report is drawing added attention after the Federal Reserve carried out its first rate hike in three years in September. According to the source, the data will be one of the key indicators used to assess whether the labor market is still showing resilience and whether another rate increase may be needed in October. The item was published by PANews as market information and did not constitute investment advice.
The U.S. will release its September nonfarm payrolls report at 20:30 Beijing time on Friday.
A recent Reuters survey showed September nonfarm payrolls are expected to increase by 90,000, down sharply from 162,000 in August. The unemployment rate is expected to stay at 4.1% for a third consecutive month.
After the Federal Reserve delivered its first rate hike in three years in September, the report will be one of the key data points for judging whether the labor market remains resilient and whether another rate increase will be needed in October.
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