U.S. stock futures are set to open lower on Thursday ahead of a closely watched September non-farm payroll report due on Friday that will provide more clarity about the strength of the U.S. labor market.
The U.S. economy is believed to have added 176,000 non-farm payroll jobs in September, according to a consensus estimate from briefing.com. In August the U.S. economy added 151,000 non-farm payroll jobs, a lower level that missed a majority of estimates in the market.
On Wednesday private payroll processor ADP reported that private sector employment in the U.S. rose by 154,000 in September, below the 171,000 consensus estimate from briefing.com.
“Job gains in September eased a bit when compared to the past 12-month average,” said Ahu Yildirmaz, VP and head of the ADP Research Institute.
“We also observed softening this month in trade/transportation/utilities, possibly due to a continued tightening U.S. labor market and lackluster consumer spending.” Yildirmaz added.
Most Polls Show Clinton Widening Lead Over Trump Since First Debate
Democratic presidential nominee Hillary Clinton has increased her lead over Republican presidential nominee Donald Trump since their closely watched first debate on September 26th from New York.
According to Real Clear Politics average of a string of presidential polls taken from 9/26- 10/5, Clinton has increased her lead by 3.9 percent, higher than the 2.8 percent advantage she had just ahead of polling after the first debate.
Clinton’s average lead would be even higher if the L.A. Times/USC tracker poll wasn’t included.
The LA Times/ USC tracker poll is one of the only polls that continually shows Donald Trump polling higher than Clinton. Their last poll from 9/29-10/25 shows Trump with a +4 point lead.
Also a new Rasmussen Report poll released on Wednesday shows Trump with a +1 point advantage over Clinton.
But nearly every other major presidential poll shows Clinton with a wider lead over Republican challenger Donald Trump.
A Reuters/Ipsos poll released on Wednesday taken from polling on 9/29-10/3 shows Clinton with a +6 point over Trump lead when measuring all of the candidates including Johnson and Stein.
An NBC News/SM poll released on Tuesday taken from polling on 9/26-10/2 shows Clinton with a +6 point lead over Trump when all of the other challengers are included in the poll.
A CNN/ORC poll released on Monday taken from polling on 9/28-10/2 shows Clinton with a +5 point advantage when measuring her performance versus Trump, Johnson, and Stein.
An Economist/YouGov poll released on Monday shows Clinton with a +3 point lead over Trump when measured against all of the challengers.
The next presidential election debate occurs on Sunday at Washington University in St. Louis and will feature a town-hall format with some questions coming from the audience.