Average hourly earnings are forecast to have risen 0.3% month-on-month and 2.8% year-on-year. The economy created 201,000 new jobs even though employment fell by 3,000 in manufacturing (one fears this is the leading edge of the fallout due to tariff increases). The duration measures of unemployment also all showed increases in the month, with average duration increasing by 1.4 weeks to 24.0 weeks, the longest period since March. Employers likely added 185,000 nonfarm payrolls on net while the unemployment rate returned to an 18-year low of 3.8%, according to estimates compiled by Bloomberg. The labour force participation rate, the share of adults working or actively looking for work, was steady at 62.7 per cent. The unemployment rate for college grads fell by just 0.1 percentage points. There were strong upward revisions to prior months and a larger than expected drop in the unemployment rate.
"Another solid jobs report; not too hot and not too cold", Kate Warne, investment strategist at Edward Jones told FOX Business. This probably won't be the month to learn that lesson, however. In the latest BLS report, August was revised upwards by +87,000 jobs. Instead, and in the absence of other indicia, there's no reason to assume that the September employment report won't be a variation on the trends that have prevailed so far this year.
Of the added jobs, 1,000 were full time and 2,300 were part time.
Merkel at Yad Vashem: 'It Is Germany's Responsibility to Remember the Holocaust'
At 12:30 p.m., Merkel will arrive for lunch at the residence of President Reuven Rivlin, and at 14:00 she will meet again with Netanyahu.
There were fewer jobs, however, added to the USA economy in September than analysts expected. department figures showed about 134,000 new jobs for September - well below the 185,000 anticipated by experts. Wild card considerations are legion, not the least of which is whether we see labor force flows on the order of 500,000 in either direction, like we've seen in two out of the last three months.
The trade deficit has increased $31 billion this year, an increase of 8.6 percent from 2017. Turning to income growth, average weekly earnings for production and nonsupervisory employees in manufacturing rose to $908.10 in September, up 3.5 percent from $877.38 in September 2017. The most recent ISM manufacturing survey reflects concerns over trade. Home health added 2,200 jobs, 72% fewer than the month before. Last month's manufacturing job losses could also be revised away.