Moderate U.S. job growth expected in September
Reuters | October 04, 2019
U.S. job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid lingering trade tensions. The Labor Department’s closely watched monthly employment report on Friday will come on the heels of a string of weak economic reports, including a plunge in manufacturing activity to a more than 10-year low in September and a sharp slowdown in services industry growth to levels last seen in 2016.