Sept. Nonfarm Payrolls -- 830am.....>

US DATA PREVIEW: Sept. Nonfarm Payrolls -- 830am EDT

--------------------------------------

-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%.