September Jobs Report Seen Showing Hiring Plateau After August Surge - Morningstar

Friday’s September employment report is expected to show the US economy continued to add jobs at a solid pace after surprisingly strong hiring in August. While economists say seasonal adjustments and slow labor supply growth have made employment data volatile, the report is expected to affirm that the “low fire, low hire” labor market remains stable, if sluggish. Forecasters predict the United States added 95,000 jobs in September, a slowdown from August’s unexpected 162,000, according to FactSet. The unemployment rate is expected to hold steady at 4.1%. Economists at Oxford Economics expect gains to broaden from August, when more than half of growth was concentrated in the leisure and hospitality and government sectors.