U.S. Outlook: What’s in store for September payrolls?
The U.S. economy appears to be holding on to much of its momentum in the third quarter.
For more on this and other economic developments to watch, see highlights of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on Sept. 26.Key observations:
- We are forecasting a net 230K non-farm jobs were created in September.
- Hourly & weekly earnings growth may trump jobs in September’s employment report.
- Housing, China, Europe, and the dollar are four risks to the U.S. economic juggernaut.
- Strong retail sales reports for July and August led us to push up our estimate for third-quarter GDP growth.