The U.S. Bureau of Labor Statistics is set to release its September nonfarm payrolls report at 20:30 Beijing time on Thursday, a closely watched macro event for global markets. Consensus expectations point to 84,000 jobs added in September, with the unemployment rate holding at 4.1% and average hourly earnings rising 3.1% year over year. For comparison, the prior August reading showed payroll growth of 162,000. Market attention is centered on how sharply job creation may have slowed from the previous month, whether wage growth matches expectations, and whether the August payroll figure will be revised lower. The release is being watched for signals on labor market momentum and the path of U.S. economic data.
According to ChainCatcher, the U.S. Bureau of Labor Statistics will release its September nonfarm payrolls report at 20:30 Beijing time.
Market consensus expects September nonfarm payrolls to show an increase of 84,000 jobs, with the unemployment rate unchanged at 4.1% and average hourly earnings up 3.1% from a year earlier. The August payrolls print previously showed an increase of 162,000 jobs.
Markets are focused on the extent of the slowdown in job growth, the pace of wage gains, and whether the August figure will be revised lower.
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