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Strong U.S. job growth expected in September; wages seen rising

From reuters.com

The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 percent, signaling a further tightening in labor market conditions. The Labor Department’s closely watched monthly employment report on Friday is also expected to show a steady rise in wages, suggesting moderate inflation pressures, which could ease concerns about the economy overheating and keep the Federal Reserve on a path of gradual interest rates increases. Nonfarm payrolls likely increased by 185,000 jobs last month after surging 201,000 in August, according to a Reuters survey ... (full story)

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  • Category: Fundamental Analysis