What to Watch Friday: Fed Keeps a Close Watch on September Jobs Report

For Friday October 2, TheStreet focuses on one particularly economic report set to come out. The Labor Department is scheduled to release its September jobs report at 8:30 a.m. Eastern. The Fed will be eyeing this data especially since it decided not to raise interest rates during its last policy meeting. At the time, Federal Reserve Chair Janet Yellen said that she needed to see more improvement in the labor market. For September, economists are expecting businesses to have added around 200,000 jobs. This is an increase from August job figures of 173,000. The unemployment rate is expected to hold steady at 5.1%, consistent with August figures. Another key economic report to watch for on the calendar is factory orders. For the month of September, factory orders are expected to drop by 1.3% due to weak exports. The Street's U-Jin Lee reports from New York.