The nonfarm payroll is a key focus, not only for the Federal Reserve; here is an interesting preview from Citi.
In (very) brief:
Last month we put out a piece explaining the tendency for poor initial prints (not final) for NFP in September periods suggesting that a sub 150k number was very likely. We got lucky, and of course as a consequence we are "pushing our luck" by making a few observations this month that suggest:
The report is from Citi Technicals, and they go on: