Steady Unemployment, Moderate Job Growth May Halt Larger Rate Cuts From Fed

The U.S. economy is expected to have logged moderate payroll growth in September 2024. (Credit: AFP)

KEY POINTS

• A Reuters survey showed that economists expect jobs to have increased by 140,000 in September
• A Bloomberg survey showed a slightly higher median forecast of 150,000 for September's job growth
• The jobless rate is expected to have not changed, as supported by reduced temporary layoffs

Economists anticipate that job growth in the United States moderately picked up in September, while the unemployment rate is expected to remain unchanged.