Nonfarm payroll (NFP) preview – Société Générale look for headline +280K | Forexlive

Société Générale snippet on what they expect for the NFP data due 07 October 2022:

We project a 280K gain.
The unemployment rate for September is expected to decline to 3.6%
The monthly flows are volatile. If there are no returnees, or if there is a net exodus from the labor force rather than re-entrants, the unemployment rate could drop even more than the 3.6% we project.
Wages are expected to rise 0.5% MoM in September. We view the shortfall seen in August, when wages rose 0.3%, as noise in the data rather than the beginning of a new trend.

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