U.S. nonfarm payroll job growth seen pushing case for Fed hikes

U.S. nonfarm payroll job growth seen pushing case for Fed hikes
 

U.S. employment growth likely picked up in September, putting pressure on the Federal Reserve to raise interest rates and signalling that steam could be building in the economy ahead of America's presidential election.
Nonfarm payrolls are expected to have risen by 175,000 last month from 151,000 in August, according to a Reuters survey of economists.
That would be around the average monthly job growth so far this year, which Fed Chair Janet Yellen said last month was "unsustainable" and could over time cause the economy to overheat. Yellen has said the economy needs to create... read more

 
7 October 2016 in Business, Views: 33
Source: Reuters
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