Don't expect September jobs report to be decisive for Fed's November move: BofA
Investing.com -- In a note on Tuesday, Bank of America analysts downplayed the significance of the upcoming September jobs report in determining the Federal Reserve's next move in November.
Public sector hiring is expected to rise by 20,000, primarily driven by local government employment, while private payrolls are predicted to increase by 130,000. The stability in the unemployment rate is said to align with the forecast for modest hiring in sectors like education and healthcare, as well as minimal layoffs across industries.
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