This Friday, the US Bureau of Employment Statistics will release the unemployment rate and nonfarm payrolls. We expect impact with the data that will be available from 9.30AM (GMT-3).
It will be the non-farm payroll report before the FOMC meeting on November 2-3. It is expected that at this meeting, they will probably announce the beginning of reductions in the purchase of bonds by the Federal Reserve. The debate around the beginning of this decision has generated some discussions. Still, the Federal Reserve reported last month that it would likely begin reducing its monthly bond purchases in November.
The conditions for reducing stimuli are linked to employment levels and inflation. Two metrics that are around the goal.
Non-farm payrolls have evolved positively in the first half of the year. In the second semester, a slowdown in the positive evolution began, however, the recovery of employment in the United States remains constant.
The evolution of employment for the month of September, projects non-farm payrolls, to be positioned close to 500K. The unemployment rate is expected to fall to 5.0% from 5.2%.
In this sense, the National Employment Report (ADP) published today accompanies the expectations that employment growth has regained momentum. According to the report, private payrolls increased by 568,000 jobs last month