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The Bureau of Labor Statistics is expected to release the September employment report at 8:30 am ET.
Economists predict another month of strong job growth. Employers probably added 185,000 net-worth non-farm jobs while the unemployment rate fell to its lowest level in 18 years, at 3.8%, according to estimates compiled by Bloomberg.
As usual, the focus will be on wages – but even more so this time.
Earlier this week, Amazon announced that it was raising its minimum wage to $ 15 an hour, more than double the federal mandate of $ 7.25. This will not, of course, change last month's wage figure, but is a key story about the pressure on businesses – politically and because of the tight labor market – to pay more workers.
Average hourly earnings are expected to have increased 0.3% in one month and 2.8% in one year.
Investors are also keeping a close watch on wage growth in the context of a sell-off in the bond market this week. Bond yields rise as prices fall and reach their highest level in more than seven years after a high ADP salary report and optimistic comments by Federal Reserve Chairman Jerome Powell.
"The US economy is on fire and the bond market underestimates how much the economy is booming," said Lawler Jasper, head of research at the London Capital Group. "What we see here is that complacency begins to fade."
More to come, refresh this page for the last moment at 8:30 am ET.
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