Moderate US job growth slowdown expected in September
© Reuters. FILE PHOTO: An employee hiring sign is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/File Photo
Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Most economists believe it is done raising rates, but will rather keep monetary policy tight for some time. Some economists believe payrolls could surprise on the upside, noting that first-time applications for state unemployment benefits dropped in September to the lower end of their 194,000-265,000 band for this year.
According to Clark, the decline in initial jobless claims from mid-September likely reflected fewer post-summer layoffs as the initial hiring was also less, which she said should similarly result in somewhat stronger September payrolls. The unemployment rate was forecast falling to 3.7% after surging to 3.8% in August, the highest since February 2022. It was driven by a jump among the 20-24 age group, viewed as a volatile cohort.
Labor market strength is helping to sustain the economy, with growth estimates for the third quarter as high as a 4.9% annualized pace, well above what Fed officials regard as the non-inflationary rate of around 1.8%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
September Heat Was Downright 'Flabbergasting,' Data ShowsSeptember 2023 surpassed global temperatures recorded in 2020 to become the hottest September on record.
続きを読む »
Moderate US Republicans call for change to rule that eased McCarthy's ousterA growing number of moderate Republicans in the U.S. House of Representatives on Wednesday called for a change in the rule that allowed eight members of their 221-212 majority to join with Democrats in pushing out Speaker Kevin McCarthy.
続きを読む »
Jim Nowlan: Here’s how to create a future for moderate Republicans in IllinoisHow and where can moderate Republicans in Illinois make our mark and become significant? In the Chicago suburbs.
続きを読む »
Jordan makes his case to moderate Republicans as House speaker race intensifiesHouse Judiciary Chairman Jordan made his case to be the next House speaker to the Main Street Caucus, a group that boasts a significant number of moderates.
続きを読む »