September Jobs Report Expected to Show Steady Labor Market
September Jobs Report Expected to Show Steady Labor Market

Date

Spread the love

Arabic version: تقرير وظائف سبتمبر يُتوقع أن يُظهر سوق عمل مستقرة

According to Cnbc, the Bureau of Labor Statistics will release its September nonfarm payrolls report Friday at 8:30 a.m. Wall Street expects job growth of 84,000, while the unemployment rate is forecast to hold at 4.1%, based on the Dow Jones consensus.

The report follows a stronger-than-expected August gain of 162,000 jobs, along with upward revisions to prior months. Payroll growth has averaged 80,000 per month in 2026, though results have varied sharply, from a loss of 156,000 jobs in February to growth of 214,000 the following month. Average hourly earnings are expected to rise 3.1% year over year in September, down from about 4% at the start of the year.

Federal Reserve officials have pointed to labor-market stability while concentrating more attention on inflation. Fed Vice Chairman Philip Jefferson said a broad range of data indicates that conditions have stabilized, citing broader payroll gains across sectors, low layoffs and a net increase in job openings. New York Fed President John Williams said there is no need for urgency when policymakers consider whether to follow September’s quarter-percentage-point rate increase with another move.

Market expectations for a rate increase at the Oct. 27-28 meeting declined after Fed commentary, with markets seeing a move as more likely in December. While employment indicators have remained relatively solid, worker confidence has weakened. Glassdoor’s latest survey showed employee confidence reached a record low in September, with concerns linked to job security, economic uncertainty, inflation and fears around artificial intelligence.

Other measures have indicated limited layoff activity. Initial claims for unemployment insurance edged down to 197,000 last week. Challenger, Gray & Christmas reported that September layoffs fell 18% from August and 20% from the same period a year earlier. Economists described the environment as a low-hire, low-fire market, with job openings and hiring declining but unemployment remaining historically low.

About the Author

More
articles