Institution: U.S. Labor Market Expected to Maintain Weak Trend; Negative Impact of September Nonfarm Report May Be Amplified
TechFlame
2025-11-20 02:22
TechFlame2025-11-20 02:22
English
TechFlame reports that the delayed September nonfarm payrolls report, postponed due to the U.S. government shutdown, is scheduled for release tonight. Against the backdrop of a rapidly evolving economic environment, the timeliness of this data may have already diminished significantly. However, this employment report is likely to be the last one with reliable data quality for the coming months, as the government shutdown severely disrupted the normal processes of data collection and analysis for parts of October and November. Economists widely predict that the U.S. economy added 50,000 jobs in September, with the unemployment rate expected to hold steady at 4.3%. If the data meets expectations, 2025 is set to become the weakest year for U.S. job growth since the pandemic era and even the global financial crisis. Alison Shrivastava, an economist at Indeed Hiring Lab, stated that she does not anticipate significant changes in the September report compared to previous ones, and the current weakness in the labor market is expected to persist. Oliver Allen, Senior U.S. Economist at Pantheon Macroeconomics, added that any data currently perceived as unfavorable could be amplified due to the six-week data vacuum, with its negative impact potentially already magnified. (Jin10)