September Jobs Report Expected to Show Slowing Growth and Drop in Unemployment

September jobs report expected to show continued slowdown in job growth and slight drop in unemployment rate.

Key figures Nonfarm payrolls +170,000, Unemployment 3.7%, Hourly earnings +0.3% monthly/+4.3% annually.

Signs of cooling labor market in ADP and JOLTS reports, but still tight overall.

Markets pricing in 80% chance Fed holds rates in November, looks for more labor market softening.

Jobs report comes amid stock slump on rising yields, weak data could bring relief.