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Jobs Report Preview: Could September Labor Data Shift Fed's Interest Rate Path?

Benzinga ·  00:50

Data on the U.S. labor market could signal how aggressive the Federal Reserve will be when deciding if they should cut interest rates in November, after already announcing a rate cut of 50 basis points in September.

The Bureau of Labor Statistics is set to release the official September jobs report on Friday at 8:30 a.m. ET.

September Jobs Report Estimates:Economists predict a decline in the monthly new nonfarm payrolls from 142,000 in August to 140,000 in September, according to Trading Economics.

The unemployment rate is expected to hold steady at 4.2%.

A private sector payroll data report earlier this week showed...

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