5 things to watch for in Friday's monthly USA jobs report

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Average hourly earnings rose 0.3% over last month in September and 2.8% over the prior year.

The Labor Department said it was possible that Hurricane Florence, which lashed South and North Carolina in mid-September, could have affected employment in some industries. The U.S. central bank raised interest rates last week for the third time this year and removed the reference in its post-meeting statement to monetary policy remaining "accommodative".

Still, if the prime-age workers increasingly enter the job market, their numbers could expand the workforce a bit and help accelerate economic growth.

Numerous dislocated people will probably return to work. With September's increase below the 0.5 percent gain notched during the same period last year, that lowered the annual increase in wages to 2.8 percent from 2.9 percent in August, which was the biggest rise in more than nine years. Average hourly earnings climbed 2.8 per cent from a year earlier, matching projections, while the jobless rate fell more than projected to 3.7 per cent, the lowest since 1969.

Professional and business services, which includes a variety of industries, had the most new hires last month with job gains of 54,000 on a seasonally adjusted basis, according to data released Friday by the Labor Department.

Other features of the household survey, from which the jobless rate is derived, also showed 276,000 folks couldn't work during the week the Bureau of Labor Statistics does its monthly survey because of weather reasons.

The average workweek for all private employees was unchanged at 34.5 hours. The unemployment rate for workers with less than a high school degree or just a high school degree fell by 0.2 percentage points, while the unemployment rate for workers with some college fell by 0.3 percentage points. An Institute for Supply Management survey published this week showed robust employment gains in the services sector in September.

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Barrera said she has also seen data that show more people are going straight from not being in the labor force to being employed, bypassing the "unemployed" status altogether.

Unemployment among African Americans declined three-tenths of a percent to 6 percent, close to the record low of 5.9 percent set in May. The dollar.DXY was little changed against a basket of currencies, while stocks on Wall Street were trading lower. Some companies are starting to boost wages - Amazon.com Inc. being among the latest to pledge raises - to attract or retain workers.

Wage growth remains sufficient to keep inflation around the Fed's 2 percent target.

As more slack is squeezed out of the labour market, economists expect annual wage growth to hit 3%. Manufacturers expanded their payrolls by 18,000. Overall government payrolls increased by 13,000. The Trump administration has imposed tariffs on imported steel and aluminum as well as on roughly half of China's imports to the United Sates. The United States has since struck a trade deal with Canada and Mexico.

Retailers had the worst month for hiring, as the sector lost 20,000 jobs.

A rising number of companies are converting part-timers who have wanted more hours to full-time workers and are posting more full-time jobs.

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