The US Non-Farm Employment Index, which the market is paying attention to, is scheduled to be released today.

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The US federal government shutdown has delayed the release of the September US non-farm payrolls, which will finally be announced today. The data that was originally scheduled for October 3rd has been postponed for several weeks due to the government shutdown, but it is now ready to be released to the market.

September Employment Market Shows Weaker-than-Expected Signals?

According to the upcoming data, the employment increase in August was 22,000, and a net increase of 50,000 is expected for September. This is interpreted as a sign that the labor market is gradually weakening. The unemployment rate is expected to remain unchanged at the current level of 4.3%.

Wage Growth Rate Remains Stable

The average hourly wage is projected to rise by 0.3%, and the year-over-year increase is expected to stay around 4.7%. As inflation gradually stabilizes, wage growth is also showing signs of slowing down.

October Data Not Yet Released

Meanwhile, the October employment statistics will not be released this time due to the inability to collect household survey data caused by the budget delay. This reflects the impact of the longest government shutdown in US history, indicating that the Census Bureau has not fully restored normal operations.

The US non-farm payrolls are a key indicator influencing the Federal Reserve’s interest rate decisions and can have ripple effects on global financial markets, attracting significant attention from market participants.

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