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NFP preview: payrolls seen up 55,000; unemployment seen steady at 4.1%

Consensus expects payrolls to rise by 55,000 last month and the unemployment rate to hold at 4.1%. Stephen Innes at SPI Asset Management called the report “the hinge” for September.

Consensus expectations are for payrolls to have increased by 55,000 last month, while the unemployment rate is expected to have remained at 4.1%.

Stephen Innes at SPI Asset Management said the payrolls report has become "the hinge" for September."The market wants bad news, just not too much of it,"…