Scoping September's Jobs Picture

Action Economics expects last month's jobs report to show a moderation in payrolls. The Fed should be able to stick to its pause

The U.S. jobs machine isn't at full throttle, but it isn't sputtering either. We at Action Economics expect the government's employment report for September, scheduled for release Oct. 6, to show a rise of 115,000 in the headline nonfarm payrolls figure, similar to the 119,000 average seen since April. (Note: Our estimate was revised Oct. 4 after the release of the September ADP Employment Survey.)

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