US This will be a busy week in the US with a looming government shutdown, an expanding UAW strike, a lot of Fed speak, and an NFP report that could show hiri
This will be a busy week in the US with a looming government shutdown, an expanding UAW strike, a lot of Fed speak, and an NFP report that could show hiring fell to the lowest levels since early 2021. The September jobs report is expected to show hiring slowed from a 187,000 pace to 170,000. Despite the loosening of the labor market, the unemployment rate is expected to tick lower to 3.7%, and wage pressures are expected to increase on a monthly basis from 0.2% to a 0.3% pace.