US nonfarm payrolls (Employment Situation): September 2026 data
Why it matters
Nonfarm payrolls set the market’s read on US labour-market heat — repricing Fed cuts, the dollar and euro-area yields within minutes of release.
What to watch
- Headline payrolls versus consensus and the prior two months’ revisions.
- Unemployment rate and wage growth (average hourly earnings).
- Fed-pricing and EUR/USD reaction, and read-across to euro-area yields.
Sources
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