NFP Report Set to Reveal Labor Market Health Ahead of Key Interest Rate Decision

The upcoming September Nonfarm Payrolls (NFP) report is set to release on October 2, at 8:30 a.m. Eastern Time.

Markets will be closely watching key indicators such as nonfarm payroll growth, the unemployment rate, labor force participation rate, and average hourly earnings.

The August NFP data showed that the U.S. added 162,000 nonfarm payrolls, exceeding market expectations, while the unemployment rate remained at 4.1%.

In other words, labor-market data that initially appeared weak may not have been as soft after subsequent revisions.