Highlights

The release of delayed key economic indicators continues with the release of the September non-farm payrolls report, including revised data for July and August.

The consensus in the Econoday survey of forecasters is for growth of 50,000, up from +22,000 in August, and the unemployment rate to remain unchanged at 4.3%.

The establishment and household surveys occurred before the Sept. 30 government shutdown, so the data will provide a full if dated snapshot of the labor market, providing some answers to growing concerns among some Federal Reserve officials about weakening job creation.

This report also takes on added significance because the impact of the prolonged government shutdown has forced the BLS to cancel the release of the October employment report.

Furthermore, the November jobs data - which the BLS says it will allow additional time to collect and analyze - will not published until December 16, meaning this report will be the only official national employment datapoint Fed officials have in hand by the next FOMC meeting (Dec. 9-10).

Definition

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Description

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
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