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Job growth might lead US Feds to hike interest rates

The US economy needs to create just under 100,000 jobs a month to keep up with population growth

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Federal Reserve

Reuters  |  WASHINGTON 

U.S. employment growth likely picked up in September, putting pressure on the Federal Reserve to raise interest rates and signaling that steam could be building in the economy ahead of America's presidential election. Nonfarm payrolls are expected to have risen by 175,000 last month from 151,000 in August, according to a Reuters survey of economists. That would be around the average monthly job growth so far this year, which Fed Chair, Janet Yellen, said last month was "unsustainable" and could over time cause the economy to overheat. Yellen has said the economy ...

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First Published: Fri, October 07 2016. 11:42 IST
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