US: Nonfarm payrolls to increase by 150k in September – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting the US Nonfarm Payrolls to increase by 150k in September, following the below-consensus 130k August print.

Key Quotes

“Reflecting the retrenchment in manufacturing, jobs in the goods sector should stay soft; however, we look for a modest rebound in employment in the services sector. We also note that temporary census hiring for canvassing purposes should continue to boost employment figures this month: we pencil in a 15k increase federal hires.”

“All in, the household survey should show the unemployment rate remaining steady at 3.7% in September, while we forecast wages to rise 0.2% m/m, leaving the annual rate unchanged at 3.2% y/y.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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