SPY News: September jobs report: Job growth expected to pick up as unemployment rate stays flat - 4th Oct 2024, 1:32am

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The September jobs report is expected to serve as the latest piece of evidence that the labor market has cooled off in 2024 but isn't rapidly weakening at a pace that would prompt a larger interest rate cut from the Federal Reserve in November.

The monthly report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 150,000 in September while the unemployment rate held flat at 4.2%, according to consensus estimates compil...

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