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Most likely US economy added a sluggish 110,000 jobs in September with slowing manufacturing sector
Keith Ruiz
Oct. 1, 2006

The median forecast is around 124,000 jobs but quantitative models show it will be weaker around 110,000 jobs that has been added in US economy. The data is due to be published on Friday.

Most likely US economy added a sluggish 110,000 jobs in September with slowing manufacturing sector.

The unemployment rate will be steady at 4.7% just above the five year low of 4.6%.

This can be a boost for the bond and stock market. The Federal Reserve for now will feel relieved in no need to increase the rate any further. However, underlying the report, most likely the strengthening stagflation scenario will scare the Fed. Stagflation cannot be fought with increasing the rates.


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