Expectations for the release of U.S.
jobs data for September vary widely among big banks.
The poll median anticipates 170k non-farm payroll jobs added in September, down from 187k in August, and estimates span from 90k to 256k.
Unemployment is expected to dip slightly to 3.7% from August’s figures (3.4%-3.9%), with average hourly earnings predicted to increase by 0.3%, up from a 0.2% increase in August (0.1%-0.4% range).
Goldman Sachs predicts 200k Non-Farm Payroll (NFP) jobs, aligning with consensus unemployment and average hourly earnings at 0.3%.
JP Morgan anticipates a 175k increase in NFP, also with 3.7% unemployment and 0.3% average hourly earnings.
Similarly, Morgan Stanley predicts 180k for NFP, 3.7% unemployment, and 0.3% average hourly earnings.
Deutsche Bank foresees 165k extra jobs, 3.7% unemployment, and a 0.2% increase in average hourly earnings.
Citi Group projects the NFP to rise by 240k, unemployment dropping to 3.6%, and a 0.3% rise in average hourly earnings, comprising a tighter labor market overall.
(Source: Richard Pace, market analyst)