FYI: Heading into Friday’s Non Farm Payrolls (NFP) report for September, economists are expecting an increase in payrolls of 184K, which would be a modest decline from August’s stronger than expected reading of 201K. In the private sector, economists are expecting an increase of 180K. The unemployment rate is expected to tick down to 3.8% from last month’s reading of 3.9%. Average hourly earnings are expected to grow at a rate of 0.3% versus the 0.4% reading last month. Given the recent concerns over stronger than expected data, an average hourly earnings number as strong as last month would likely be problematic for the market. Finally, average weekly hours are expected to be unchanged at 34.5.
Regards,
Ted
https://www.bespokepremium.com/big-tips/september-employment-report-preview/
