Delayed September data set for release Thursday
After a six-week delay due to the US government shutdown, the Bureau of Labor Statistics will release the September jobs report at 8:30 a.m. ET Thursday.
Wall Street economists expect the report to show modest job gains of around 50,000 positions, according to data from Bloomberg.
The report was initially scheduled for release on Oct. 3, but was delayed by a government shutdown that ran from Oct. 1 until Nov. 12.
August’s jobs report — the most recent official read on the state of the labor market — showed the unemployment rate stood at 4.3%. The Federal Reserve Bank of Chicago estimates the unemployment rate inched up to 4.35% in September.
Learn more: Worried about job security? Here’s how to protect your finances.
Data from private sources, which provided some insight during the shutdown, have suggested the labor market slowed down in September, with payroll processor ADP reporting that the private sector shed 29,000 jobs during the month. Meanwhile, global outplacement firm Challenger, Gray & Christmas announced hiring plans were at their lowest since 2009.
Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at emma.ockerman@yahooinc.com.
Sign up for the Mind Your Money newsletter
Read the latest financial and business news from Yahoo Finance
Leave a Comment
Your email address will not be published. Required fields are marked *