Nonfarm Payrolls Set to Show Moderate Job Gains
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The United States (US) Bureau of Labor Statistics (BLS) releases the delayed Nonfarm Payrolls (NFP) data for September on Thursday at 13:30 GMT. The US Dollar (USD) traders eagerly await the September employment report for clear hints on the health of the labor market and whether the US Federal Reserve (Fed) will lower interest rates next month. Sponsored What to expect from the next Nonfarm Payrolls report? Economists expect Nonfarm Payrolls to rise by 50,000 in September after increasing by a meagre 22,000 in August. The Unemployment Rate (UE) is likely to stabilize at 4.3% during the same period. Meanwhile, Average Hourly Earnings (AHE), a closely watched measure of wage inflation, are expected to rise by 3.7% year-over-year (YoY), at the same pace as seen in August. Previewing the September employment report, TD Securities analysts said: “Job gains likely rebounded to 100K in September, supported by private NFP increasing 125K. Government jobs likely declined 25K.” “We also look for the UE rate to go sideways at 4.3% as layoffs remain subdued. AHE likely moderated to 0.2% MoM (3.6% YoY),” they added. How will the US September Nonfarm Payrolls affect EUR/USD? The US Dollar has snapped its previous week’s pullback against its major currency rivals, staging an impressive turnaround against its major currency rivals as it gears up for the NFP showdown. Sponsored The renewed USD strength has pushed the EUR/USD pair back below the 1.1600 threshold. Will the downside continue? A recent slew of prudent Fed commentaries and weak US private sector employment data have scaled back expectations of another 25 basis points (bps) interest rate cut by the central bank in December. Fed policymakers remain increasingly divided about how to balance inflation risks against a cooling labor market, prompting them to warrant caution on further monetary policy easing. The…
Filed under: News - @ November 20, 2025 8:22 am