Posted 10/6/2023, 4:02:00 AM
US Job Growth Slows Slightly in September, Unemployment Drops to 3.7% as Wage Growth Remains Solid
- Nonfarm payrolls forecast to increase 170,000 in September, down from 187,000 in August
- Unemployment rate seen dipping to 3.7% from 3.8% in August
- Average hourly earnings forecast rising 0.3%; up 4.3% year-over-year
- Labor market resilience raises risk of another Fed interest rate hike this year
- Expiration of student loan moratorium could cut $400 per month from households' budgets
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