US: Non-Farm Payrolls seen increasing by 125k in September - Nomura

Dhwani Mehta FXStreet

The Nomura Research Team offer a sneak peek into Friday’s US Non-Farm Payrolls release due at 1230 GMT.

Key Quotes:

“125k increase, likely driven by another weak month of service employment growth.

Average hourly earnings +0.3% m/m & 3.2% y/y, boosted in part by a positive calendar bias.

Unemployment rate to 3.6% as the prime age (25-54) labour force participation rate pulls back somewhat after a surge in August.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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