The monthly labor report from the Bureau of Labor Statistics, set for release at 8:30 a.m. ET, is expected show nonfarm payrolls in September rose by 170,000 while the unemployment rate dropped slightly to 3.7%, according to consensus estimates compiled by Bloomberg.
A week full of labor market data leading into the report has showed some indications of a cooling labor market.report showed 89,000 private payroll jobs were added to the US economy in September. Economists surveyed by Bloomberg had expected job additions of 150,000 for the month. Wage data from ADPthe difference between wage growth gained by leaving a job versus staying is at its slimmest margin since October 2020.there were 9.6 million jobs open at the end of August, an increase from the 8.
The jobs report comes at a crucial time for markets as stocks have slumped in reaction to rising yields and the fear of higher interest rates for longer than expected.have said signs of weak data or a "really bad jobs report," could help bring yields off their 16-year highs. Prime Minister Justin Trudeau's Easter weekend vacation in Montana cost taxpayers nearly a quarter of a million dollars, CBC News has learned — far more than the sum reported to Parliament.The price tag for the April 6-10 trip comes to more than $228,839, once the costs carried by the Canadian Armed Forces, the Privy Council Office and the RCMP are included.