Report
U.S. added 29,000 jobs in September as unemployment rose to 4.2%
The September payrolls report came in well below expectations of roughly 84,000 to 90,000 jobs, and prior months were revised down by 60,000. Reuters and market pricing indicated traders shifted toward expecting the Fed to hold rates steady in October.
TLDR
The U.S. added 29,000 jobs in September and unemployment rose to 4.2%. The report was well below expectations and included 60,000 downward revisions to prior months. Reuters and market pricing after the release indicated traders moved toward expecting the Fed to hold rates steady in October rather than raise rates again.
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