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Economics

US Jobs at Cruising Speed May Keep Up Pressure on Fed: Eco Week

  • Truss, Kwarteng speeches watched for potential policy U-turns
  • Australian, New Zealand and other central banks may hike rates
A commuter arrives to board an Amtrak train at Union Station in Chicago, Illinois.

A commuter arrives to board an Amtrak train at Union Station in Chicago, Illinois.

Photographer: Jim Vondruska/Bloomberg
Updated on

Friday’s US jobs report is projected to show a labor market at cruising speed in September, with more moderate but still-healthy payrolls growth that’s likely to keep the Federal Reserve pumping hard on the monetary-policy brakes.

Payrolls probably increased by about 250,000 last month, while the unemployment rate may have held at 3.7%, just above a five-decade low, according to the median estimates in a Bloomberg survey of economists.