All articles tagged with #september jobs report
A potential US government shutdown could halt key economic data releases, including the September jobs report, construction, and trade data, impacting economic assessments and Social Security adjustments, with delays depending on funding resolution.
Investors are eagerly awaiting the September employment report for insights into the Federal Reserve's upcoming decisions. Levi Strauss reported mixed Q3 earnings and lowered its full-year sales outlook. Tesla is reducing the prices of its Model 3 and Model Y vehicles. Other trending stocks include Pioneer Natural Resources, Coca-Cola, and PepsiCo. Notable guests on Yahoo Finance Live today include Lydia Boussour, Joe Brusuelas, Julie Su, Bill Newlands, Harmit Singh, Mark Mahaney, Robert Sockin, and Rohit Chopra.
Economists predict that the September jobs report will show a steady pace of hiring, indicating a resilient U.S. economy that has contributed to the recent bond-market rout. The report is expected to reveal an estimated addition of 170,000 jobs and a near-historic low unemployment rate.
The September jobs report is expected to show a continued slowdown in job growth in the US, with nonfarm payrolls projected to rise by 170,000 and the unemployment rate dropping slightly to 3.7%. Wall Street will closely watch these numbers, along with average hourly earnings and average weekly hours worked. Economists anticipate a weakening labor market later in the year due to higher interest rates, tighter lending standards, and reduced consumer spending. The Federal Reserve has indicated that some softening in the labor market is necessary to achieve its inflation target, and a strong jobs report could potentially lead to a rate hike.