Investors are now gearing up for the release of the US NFP jobs report which is expected to show slower growth in September.
Looking back at some of the economic data that has been published this week, overall the labor market appears to be stable.
Although government data this week showed job openings fell by 1.1 million, the largest drop since April 2020, there were still 4 million more vacancies than unemployed Americans.
In fact, the ISM survey published on Wednesday also showed some service industries reporting labor shortages in September.
Meanwhile, ADP private sector employment data also surprised the market by showing an increase of 208,000 from the previous record of 185,000.
Despite this, the number of US jobless claims showed a different figure, recording an increase last week that created uncertainty on investor expectations.
In September, the US economy is forecast to register a slower increase in jobs with a record of 250,000 from the 315,000 recorded in August.
However, the unemployment rate is expected to remain unchanged at 3.7% after the increase recorded in the previous month.
What are your views on the NFP figures that will be released tonight?
