September non-farm payrolls preview by the numbers: Beware the seasonal pattern ...Middle East

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September non-farm payrolls preview by the numbers: Beware the seasonal pattern
Consensus estimate +140K Estimate range +70K (Citi) to +220K (Jeffries)August was +142K Private consensus +125K versus +118K priorUnemployment rate consensus estimate 4.2% versus 4.2% priorPrior participation rate 62.7%Prior underemployment U6 7.9% Avg hourly earnings y/y exp +3.8% versus +3.8% priorAvg hourly earnings m/m exp +0.3% versus +0.4% priorAvg weekly hours exp 34.3 versus 34.3 priorNumbers released so far this month:ADP report +143K versus +99K prior -- this was a three-and-a-half year lowISM services employment 48.1 vs 50.2 prior (weak b

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