Jobs Report: Last Chance for Rate Cut

After a significant delay due to the government shutdown, the Labor Department is set to release Septembers jobs report this Thursday. Economists predict a modest job gain of around fifty thousand, with the unemployment rate likely remaining steady at 4.3%. However, the delayed data has investors on edge, anticipating high volatility around the reports release. The job market has been under strain this year due to high interest rates and tariff uncertainty, with revisions revealing a significant drop in job creation. The September jobs report will be crucial for Federal Reserve policymakers deciding on interest rate cuts at their December meeting.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.