Analysts at Nomura explained that the unemployment rate in the US jobs report is likely to tick down. Key Quotes: “With another strong month of employment growth, we expect the unemployment rate to tick down 0.1pp to 3.8% in September after remaining just barely at 3.9% in August (3.85%).” “Part of the reason unemployment did not decline further in August was related to somewhat weak household employment growth, which will likely revert in September.” “However, a sharp 2.3pp drop in the labor force participation rate (LFPR) for the population aged 16-24 could partly revert in September, putting some additional upward pressure on the unemployment rate and preventing it from falling below 3.8%.” 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 China: Slowdown but no hard landing – Danske Bank FX Street 4 years Analysts at Nomura explained that the unemployment rate in the US jobs report is likely to tick down. Key Quotes: "With another strong month of employment growth, we expect the unemployment rate to tick down 0.1pp to 3.8% in September after remaining just barely at 3.9% in August (3.85%)." "Part of the reason unemployment did not decline further in August was related to somewhat weak household employment growth, which will likely revert in September." "However, a sharp 2.3pp drop in the labor force participation rate (LFPR) for the population aged 16-24 could partly revert in September, putting some additional upward… 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.
