US expected to report moderate September job growth
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The US economy likely maintained a moderate pace of job growth in September; unemployment rate expected to hold steady at 4.2%; Hurricane Helene caused turbulence in the labor market; Boeing strike involved 45,000 machinists; dockworkers' strike ended with a tentative deal; nonfarm payrolls likely increased by 140,000 jobs in September; August payrolls revised higher; employment gains led by healthcare and government sectors; average hourly earnings forecasted to increase by 0.3%; unemployment rate influenced by school year; economists estimate 200,000 jobs needed monthly to keep pace with working-age population growth; Goldman Sachs noted potential slowdown in labor demand.
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