NFP Preview: Forecasts from seven major banks, losing momentum

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NFP Preview: Forecasts from seven major banks, losing momentum
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The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, October 6 at 12:30 GMT and as we get closer to the release t

ime, here are the forecasts by the economists and researchers of seven major banks regarding the upcoming employment data. Nonfarm Payrolls are forecast to increase by 170K in September vs. 187K in August. The Unemployment Rate is expected to fall a tick to 3.7% while Average Hourly Earnings are expected to remain steady at 4.3% year-on-year. Deutsche Bank We expect a 150K gain for September and see the unemployment rate ticking higher to 3.9%, with earnings growth still at +0.2%.

We expect more of what we’ve seen over past six months: a gradual weakening of job growth and further evidence of a slow but steady rebalancing of the labour market. The unemployment rate and the participation rate should hold at 3.8% and 62.8% respectively. Citi We expect NFP to rise by a strong 240K in September, partly reflecting the reversal of seasonal issues that led to a softer 105K increase in June . Average hourly earnings should rise 0.

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