The September jobs report will be released Friday. Here's what to expect
Wall Street is looking for job growth of 84,000 to close out the summer.
TL;DR
- The Bureau of Labor Statistics will release the September nonfarm payrolls count on Friday.
- Wall Street anticipates job growth of 84,000 and an unemployment rate of 4.1%.
- The unemployment rate is at a level indicating full employment, a metric closely watched by the Fed.
- Fed officials are increasingly focused on inflation, leading to expectations of a potential rate hike in December rather than October.
- Despite a stable labor market, employee confidence has reached a record low due to concerns about job security, economic uncertainty, inflation, and AI.
- Layoffs remain low, with a year-over-year decrease reported in September.