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September jobs report: Job growth expected to pick up as unemployment rate stays flat
Yahoo! Finance
September jobs report: Job growth expected to pick up as unemployment rate stays flat
Josh Schafer · Reporter
Updated Thu, October 3, 2024 at 1:15 PM EDT 4 min read
The September jobs report is expected to serve as the latest piece of evidence that the labor market has cooled off in 2024 but isn't rapidly weakening at a pace that would prompt a larger interest rate cut from the Federal Reserve in November.
The monthly report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 150,000 in September while the unemployment rate held flat at 4.2%, according to consensus estimates compiled by Bloomberg.
In August, the US economy added 142,000 jobs and the unemployment rate declined to 4.2% after unexpectedly rising to 4.3% in July.
Here are the key numbers Wall Street will be looking at on Friday morning compared to the previous month, according to data from Bloomberg:
• payrolls: +150,000 vs. +142,000 previously
• Unemployment rate: 4.2% vs. 4.2% previously
• Average hourly earnings, month over month: +0.3% vs. +0.4% previously
• Average hourly earnings, year over year: +3.8% vs. +3.8% previously
• Average weekly hours worked: 34.3 vs. 34.3 previously
{snip}
September jobs report: Job growth expected to pick up as unemployment rate stays flat
Josh Schafer · Reporter
Updated Thu, October 3, 2024 at 1:15 PM EDT 4 min read
The September jobs report is expected to serve as the latest piece of evidence that the labor market has cooled off in 2024 but isn't rapidly weakening at a pace that would prompt a larger interest rate cut from the Federal Reserve in November.
The monthly report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 150,000 in September while the unemployment rate held flat at 4.2%, according to consensus estimates compiled by Bloomberg.
In August, the US economy added 142,000 jobs and the unemployment rate declined to 4.2% after unexpectedly rising to 4.3% in July.
Here are the key numbers Wall Street will be looking at on Friday morning compared to the previous month, according to data from Bloomberg:
• payrolls: +150,000 vs. +142,000 previously
• Unemployment rate: 4.2% vs. 4.2% previously
• Average hourly earnings, month over month: +0.3% vs. +0.4% previously
• Average hourly earnings, year over year: +3.8% vs. +3.8% previously
• Average weekly hours worked: 34.3 vs. 34.3 previously
{snip}