Tuesday’s jobs report should show that the employment picture improved slightly in September after a soft summer, but it will take several more months before markets trust the numbers to tell a clear story.
September’s report, delayed by the government shutdown, will be released at 8:30 a.m. EDT Tuesday. It’s expected to show 180,000 jobs were created and the unemployment rate unchanged at 7.3 percent, according to Reuters. There were 169,000 jobs added in August, but just 104,000 in July, after revisions.
The report, originally set for Oct. 4, had been anticipated as the most important piece of data the Fed would review before it meets next week, but it has become far less relevant because it is now stale and does not reflect the impact of the partial government shutdown. The 16-day closure also delayed the release of other data, including October’s employment report, now expected Nov. 8 instead of Nov. 1.
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