The U.S. Bureau of Labor Statistics (BLS) will release the delayed September nonfarm payrolls report on Thursday, following a two-month hiatus due to the government shutdown. The report is anticipated to show an increase of 50,000 jobs in September, up from 22,000 in August, with the unemployment rate steady at 4.3%. However, the data's impact is expected to be limited due to its outdated nature.
The BLS plans to combine the October and November reports into a single release on December 16, omitting a separate October unemployment rate. Revised data for July and August will also be included, with expectations of upward adjustments. Despite potential slight exceedance of expectations, the data is expected to reflect a weak labor market, according to RSM Chief Economist Joel Pruyne. Goldman Sachs forecasts 80,000 new jobs in September but anticipates a decline in October due to the end of a delayed resignation program.
U.S. Resumes Job Data Release After Shutdown-Induced Delay
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