On Friday, the US September official employment report will be released. Analysts at Wells Fargo, look for nonfarm payrolls to rise by 820K. They warn the positive trajectory of the labor market is slowing. Key Quotes: “Payroll growth is positioned to remain positive, but on a slowing trajectory, following more rapid gains in prior months. We look for nonfarm employers to add a net 820K jobs in September. If our call is realized, employment would still be 7.0% below its pre-pandemic level.” “Forward-looking employment indicators are mixed, with initial jobless claims remaining stubbornly high on one hand, and business surveys suggesting varying degrees of ongoing improvement in hiring on the other.” “Even though the unemployment rate fell more than expected in August, we look for it to decline again in September to 8.2%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Atlanta Fed’s GDPNow rises to 34.6% for Q3 after US data FX Street 2 years On Friday, the US September official employment report will be released. Analysts at Wells Fargo, look for nonfarm payrolls to rise by 820K. They warn the positive trajectory of the labor market is slowing. Key Quotes: “Payroll growth is positioned to remain positive, but on a slowing trajectory, following more rapid gains in prior months. We look for nonfarm employers to add a net 820K jobs in September. If our call is realized, employment would still be 7.0% below its pre-pandemic level.” “Forward-looking employment indicators are mixed, with initial jobless claims remaining stubbornly high on one hand, and business surveys… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
