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REPEAT: US DATA PREVIEW: Sept. Nonfarm Payrolls --...>

US DATA PREVIEW
US DATA PREVIEW: REPEAT: Sept. Nonfarm Payrolls -- 830am EDT
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-U.S. employment expected +146k for Sept., outpacing Aug. +130k despite trade
war with China that has caused manufacturing and investment to falter. 
-Private and service sector jobs projected +130k following +96k in August.
-Service employment growth expected +25k temporary workers in preparation for
the 2020 census.
-Final September IHS Markit Services Business Activity Index registered a 50.9
reading, virtually unchanged from the 50.7 flash estimate, but the employment
sub index signaled the first contraction since 2010. September ISM Non
Manufacturing Index -3.8pp to 52.6%, indicating slower services expansion.
-Weakness in manufacturing expected to hold down September headline number. The
ISM Manufacturing Index contracted to a 10-yr low of 47.3% in September and the
employment sub index -1.1pp to 47.4%.

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