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US NFP to bounce back with a 210K gain in September - BNZ

FXStreet (Łódź) - Spiros Papadopoulos from BNZ expects the US jobs report, due out on Friday, to show a 210K increase in September, following the disappointing 142K rise the previous month.

Key quotes

"With the FOMC still seeing a 'significant underutilization of labour resources' every employment report in coming months will be critical for the market’s assessment of when the Fed will indeed change its commentary to reflect an approaching rate rise."

"The unemployment rate is forecast to remain at 6.1% in September, while earnings are forecast to rise 0.2% in the month for 2.2%yoy."

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