The U.S. Bureau of Labor Statistics’ September non-farm employment data is finally scheduled to be released today. This data, delayed due to the federal government shutdown, is currently a top concern in the global financial markets.
Expected Direction of Employment Indicators
According to forecasts, the number of new non-farm jobs in September is expected to increase from 22,000 in August to around 50,000. Meanwhile, the unemployment rate is projected to remain stable at 4.3%. The average hourly wage is expected to rise by 0.3% month-over-month, with an annual increase likely to continue at 4.7%.
These figures are interpreted as signals of a gradual cooling of the U.S. labor market. The limited growth in employment and the slowdown in wage increases suggest economic slowdown pressures.
Schedule Confusion Caused by the Government Shutdown
The release of the September employment report, originally scheduled for October 3, has been postponed due to the longest federal government shutdown in U.S. history. Additionally, the October non-farm employment data has been canceled altogether due to a gap in sample collection caused by budget issues related to the current Census(.
Today’s release of the September non-farm employment index is expected to be a moment where market participants’ expectations and anxieties intersect amidst this chaotic situation.
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U.S. Non-Farm Payrolls to be Released Today, Aftermath of the Longest Shutdown in History
The U.S. Bureau of Labor Statistics’ September non-farm employment data is finally scheduled to be released today. This data, delayed due to the federal government shutdown, is currently a top concern in the global financial markets.
Expected Direction of Employment Indicators
According to forecasts, the number of new non-farm jobs in September is expected to increase from 22,000 in August to around 50,000. Meanwhile, the unemployment rate is projected to remain stable at 4.3%. The average hourly wage is expected to rise by 0.3% month-over-month, with an annual increase likely to continue at 4.7%.
These figures are interpreted as signals of a gradual cooling of the U.S. labor market. The limited growth in employment and the slowdown in wage increases suggest economic slowdown pressures.
Schedule Confusion Caused by the Government Shutdown
The release of the September employment report, originally scheduled for October 3, has been postponed due to the longest federal government shutdown in U.S. history. Additionally, the October non-farm employment data has been canceled altogether due to a gap in sample collection caused by budget issues related to the current Census(.
Today’s release of the September non-farm employment index is expected to be a moment where market participants’ expectations and anxieties intersect amidst this chaotic situation.