Jobs Report Expected to Show Continued Slow Hiring and High Wages
-
Forecast is for 170,000 new jobs in September, continuing slowdown in hiring from pandemic boom.
-
Unemployment rate expected to tick down slightly to 3.7%.
-
Wage growth forecast at 0.3% for September, 4.3% over past year - still too high for Fed.
-
Auto worker strikes could depress job growth, but end of Hollywood strike could offset.
-
Jobless claims remain low at around 200,000, suggesting layoffs not rising much.