Société Générale snippet on what they expect for the NFP data due 07 October 2022:
- We project a 280K gain.
- The unemployment rate for September is expected to decline to 3.6%
- The monthly flows are volatile. If there are no returnees, or if there is a net exodus from the labor force rather than re-entrants, the unemployment rate could drop even more than the 3.6% we project.
- Wages are expected to rise 0.5% MoM in September. We view the shortfall seen in August, when wages rose 0.3%, as noise in the data rather than the beginning of a new trend.
Earlier:
Preview: September non-farm payrolls by the numbers
Goldman Sachs are estimating +200K for the nonfarm payroll headline
