(Bloomberg) — The last U.S. jobs report before the November election will probably show the labor market’s rebound continued in September, though losing some steam.
Employers probably added 850,000 workers in September, a step down from the 1.37 million a month earlier, according to the Bloomberg survey median. The unemployment rate is seen easing to 8.2% from 8.4%, smaller than the 1.8 percentage-point drop in August.
The monthly jobs report on Friday will follow the first presidential debate between President Donald Trump and Democratic challenger Joe Biden on Tuesday. The report will also wrap up a busy week on the U.S. economic calendar, which includes figures on income and spending, manufacturing and consumer confidence.
Personal spending on goods and services, which accounts for about two-thirds of gross domestic product, is projected to rise 0.8%