CNN —
September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing.
And while status quo isn’t always the most exciting of states, further signs of stability could bode well for the broader economy and the Federal Reserve, which is closely watching for signals that the slowdown in the labor market is progressing into an overall economic downturn.
“The next two employment reports will be critical in shaping the Fed’s November policy decision,” Lydia Boussour, senior economist at EY-Parthenon, wrote
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