After hot summer, September jobs report could signal a cooling trend
Forecasters expect a new jobs report will show a modest slowdown in hiring last month, which could help fight inflation. The unemployment rate is expected to hold steady at a low 3.7%.
The Labor Department is set to report on September's employment gains on Friday, as many economists and the Federal Reserve look for signs the red-hot job market may be cooling.
Forecasters expect the report to show a modest downshift in hiring from August, when employers added 315,000 jobs. The unemployment rate is expected to hold steady, at a low 3.7%.
For months, job openingsdriving up wages up. The Federal Reserve is eager to see a more balanced job market, as it tries to curb uncomfortably high inflation.
