Citing MetaEra, the U.S. Bureau of Labor Statistics (BLS) will resume publishing the delayed September nonfarm payrolls report on Thursday, ending a two-month data blackout caused by the government shutdown. However, the data is seen as outdated due to its lag, limiting its market impact. The report is expected to show 50,000 new jobs in September, up from 22,000 in August, with the unemployment rate remaining at 4.3%. The BLS will also combine October and November reports into a single release on December 16, skipping a standalone October unemployment rate. RSM Chief Economist Joel Pruyne noted the data may slightly exceed expectations but still reflect a weak labor market. Goldman Sachs expects 80,000 new jobs in September but a drop in October due to the expiration of a delayed resignation program. The report will also include revised data for July and August, with upward revisions expected.
U.S. Resumes Job Data Release After Two-Month Gap, Policy Uncertainty Remains
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