forexsq - The monthly jobs report usually gets a lot of attention, but the September numbers due on Friday are likely to absorb an outsize amount of oxygen because of the election just over a month away.
Here are some crucial details economists and analysts are likely to be looking for in the report.
One note of caution: The jobs report numbers are volatile and subject to major revisions months or even years afterward, so itâ€™s a good idea not to read too much into any one report, Fridayâ€™s included. Last week, in fact, the Labor Department released preliminary revisions to the jobs numbers for the 12 months ended in March 2012 suggesting that the economy added 386,000 more jobs than originally believed.
1. The number of jobs that employers added to their payrolls.
Economists are predicting job growth of 113,000, far below the economyâ€™s long-term trend and too slow to absorb just those coming of age into the labor force.
The pace of job growth the last few months has been somewhat lackluster, with the economy adding an average of 87,000 jobs a month since April, after averaging 226,000 jobs in the first three months of this year. forex