US Job Market Expected to Show Resilience in Friday's Report
The US job market is expected to show resilience in Friday's report on the labor market. According to forecasters, the economy likely added 84,000 jobs in September, while the unemployment rate stayed low at 4.1%. This would be down from a gain of 162,000 in August.
Economists believe that if the job market holds steady, it will confirm its resilience despite various economic pressures, including rising interest rates and fuel prices. The report could also influence the Federal Reserve's decision on raising interest rates to subdue inflation.
Cory Stahle, senior economist at job site Indeed, noted that hiring continues to move sideways at low levels. 'It's a comfortable place to be if you already have a job,' he said. 'It's a frustrating one if you're trying to find one.'