Agency: The US labor market will continue to be weak, and the negative impact of the September non-farm report may be amplified

The September non-farm payrolls report, delayed by the US government shutdown, is due to be released tonight. The timeliness of the data may be greatly reduced in the context of the current rapidly evolving economic environment. But the jobs report is likely to be the last employment report of reliable data in the coming months, as the government shutdown has seriously disrupted the normal process of data collection and analysis in parts of October and November. Economists generally predict that 50,000 jobs will be added in September, and the unemployment rate is expected to remain unchanged at 4.3%. If the data meet expectations, 2025 is destined to be the weakest year for US job growth since the pandemic and even the global financial crisis. Indeed Hiring Lab economist Alison Shrivastava said that compared with previous reports, there is no significant change in the September report, and the current weakness in the labor market will continue. Oliver Allen, senior US economist at Pantheon Macroeconomics, said that any data that is currently unsatisfactory may continue to ferment due to the six-week data vacuum period, and its negative impact may have been amplified. (Jin Ten)