That would be the first year-on-year fall in three years for the South Korean tech giant.ĪMD said on Thursday it will miss its revenue guidance in the third quarter, citing weakening demand for PCs. Samsung, one of the world's largest chipmakers, didn't help matters overnight, flagging a 32% drop in third-quarter operating profit. 'We're not sure that tomorrow's jobs number will be seminal data point that certainly lingers in investors minds for more than a day or two,' Porter said.Ĭhip stocks headed lower as a revenue warning from Advanced Micro Devices spread concerns across the sector. John Porter, chief investment officer at Newton Investment Management, also expects the employment report is just 'a part of the mosaic.' 'If the details are as expected, the September jobs report will provide evidence of only a minor easing of labor market tightness and wage pressures and won't alter the course of monetary policy,' said Nancy Vanden Houten, lead economist at Oxford Economics. Oxford Economics expects the employment growth to decelerate more quickly in the fourth quarter as employers reduce hiring against a backdrop of a slowing economy and declining corporate profits, but the firm doesn't see outright job losses until 2023, when the economy may enter a mild recession.

stock futures edged lower Friday ahead of the pivotal jobs report, with investors also weighing a profit warning at microchip maker AMD.Įconomists polled by The Wall Street Journal expect jobs growth to slow to 275,000, but for the unemployment rate to stay steady at 3.7%. Employment Report for September Canada Labour Force Survey for September

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