US Labor Market Slows Down in September

The US labor market showed signs of slowing down in September, according to economists' forecasts. Nonfarm payrolls are expected to have increased by around 90,000 last month, a significant drop from August's surprise jump of 162,000 jobs.

Experts attribute the moderation to the fact that the initial payrolls print for August was unusually strong due to a flawed seasonal adjustment procedure. Once revised down, the number will likely be more in line with expectations.

Economists also point out that the labor market is already at full employment, which could lead to reduced hiring and slower job growth.

However, some experts warn of potential headwinds from the US-Israel war with Iran, which may start affecting the labor market by the end of this year. Higher energy prices, strained supply chains, and ongoing trade tensions are also contributing to a challenging economic environment.