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U.S. Jobs Report and Wage Growth in Focus as Market Awaits Key Data
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Traders are preparing for a pivotal day in the financial markets with the release of critical U.S. economic data. On Friday, the nonfarm payrolls, unemployment rate, and average hourly earnings will be released, providing a clear snapshot of the U.S. labor market. These indicators will offer insights into the health of the economy and may influence the Federal Reserve’s future policy decisions.
• Nonfarm Payrolls (Sep) is expected at 148K jobs, compared to the previous 142K.
• Nonfarm Payrolls (Sep) is expected at 148K jobs, compared to the previous 142K.
• The Unemployment Rate (Sep) is forecasted to remain steady at 4.2%.
• Average Hourly Earnings (MoM) are projected to grow by 0.3%, down from the previous 0.4%.
Other crucial data points include private nonfarm payrolls, manufacturing payrolls, and the Baker Hughes Rig Count, which will provide insights into specific sectors, including the oil industry.
Market participants will also watch remarks from New York Fed President Williams, scheduled for later in the day, which could provide further clarity on the Fed’s monetary policy outlook.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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