US: Sep non-farm payrolls, the next important data for Fed – TDS

By FXStreet FXStreet (Delhi) – Research Team at TDS, suggest that the release of US NFP data on 2nd Oct will be the next major data for Fed as the labor market has generally been a bright spot for the US economy and we see upside risks for Sep data.

Key Quotes

“We expect 219K jobs to be created (consensus: 200K), rebounding from the below-trend 173K jobs created in August and pushing the 6M average pace to a very healthy 221K.”

“Net revisions to previous estimates should also be positive and help market sentiment. Despite the gains, the unemployment rate should remain unchanged, as the rise in employment is offset by the return of previously displaced workers back into the labor force.”
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Source:: FX Street