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Market forecasts indicate that nonfarm payrolls will increase by 50,000 in September, up from 22,000 in August.

2025-11-20 12:33

According to Odaily Planet Daily, the market predicts that non-farm payrolls will increase by 50,000 in September, up from 22,000 in August. In comparison, the US economy averaged about 100,000 new jobs per month at the beginning of the year. The unemployment rate is expected to remain at 4.3%. Bill Adams, chief economist at Comerica Bank, stated, "Financial markets may react less strongly to the September jobs report than usual, as private sources have already provided more information about the labor market's performance. However, government data remains the gold standard for measuring the state of the labor market, and any major surprise in either direction will bring a wealth of new information." For Federal Reserve officials struggling to assess the path of interest rate cuts, tonight's non-farm payrolls report is one of the first government data points they need to consider since the government shutdown. Fed Chairman Powell has likened formulating monetary policy in the absence of official data to driving in fog. (Jinshi)