Economic Updates: Jobs, Strikes, Income, Spending, and GDP Projections

The start of a new quarter brings a focus on the September jobs report, which is expected to show 168,000 nonfarm payroll jobs added to the US economy with a drop in unemployment to 3.7%. The auto sector remains in the spotlight as the United Auto Workers (UAW) expands its strike at Ford and GM, while Tesla is expected to report lower quarterly deliveries. Stocks enter October after two consecutive down months, and investors are split on the impact of higher interest rates and yields on the stock market.