US Non-Farm Payrolls, Delayed Announcement Following Federal Government Shutdown

The US Non-Farm Payrolls, which had been postponed due to the federal government shutdown, are scheduled to be officially released today. The September non-farm employment data was originally supposed to be announced in early October, but due to the longest government shutdown in US history, the release has been delayed until today.

**September Employment Data, Reinforcing Signs of Labor Market Weakening**

According to the upcoming September non-farm employment data, the number of new jobs is expected to increase from 22,000 in August to around 50,000. This represents a more limited job growth than previously anticipated, indicating a gradual weakening of the labor market.

The unemployment rate is expected to stabilize around 4.3%, and the average hourly wage is projected to rise by 0.3% month-over-month, maintaining an annual wage growth rate of 4.7%. This shows that the pace of wage increases is slowing down.

**October Employment Data, Unlikely to Be Released**

Interestingly, the October non-farm employment report will not be released. This is because the delay in budget allocation prevented the collection of the monthly household survey sample data for October. As a result, the US Non-Farm Payrolls statistics will face a one-month gap.

The statistical gap triggered by the government shutdown has made it difficult for market participants to assess the employment situation, which is why the release of the September non-farm employment figures is drawing even more attention.