Non-farm payroll previews – still solid jobs market expected

<p>Deutsche Bank forecasts:</p><ul><li>headline +150K</li><li>unemployment rate 3.9%</li><li>earnings growtht +0.2% m/m</li></ul><p>Westpac on the September’s US nonfarm payrolls report:</p><ul><li>will reflect moderating jobs growth</li><li>Westpac are forecasting that the unemployment rate will likely remain steady at 3.8% as supply for labour meets demand</li><li>The emerging balance in the labour market should see average hourly earnings lose some of its steam</li></ul><p>Commonwealth Bank of Australia are expecting employment to have expanded strongly again given jobless claims remain low, as does unemployment. Forecasts:</p><ul><li>headline 200K</li><li>jobless rate 3.7%</li><li>4.2% average earnings y/y</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.