SUMMARY OF U.S. SEPTEMBER JOBS REPORT:
1. The U.S. economy added 336,000 jobs last month, much more than expected.
2. At 336,000, it was the biggest monthly increase since February 2023.
3. The unemployment rate held steady at 3.8%, pointing to a resilient labor market.
4. Average hourly wage growth slowed to +4.2% Y/Y, which is still too high for the Fed.
5. Key Takeaway: The September employment report highlighted the remarkable resilience of the labor market.
6. Bottom line, additional rate hikes will be necessary to cool the economy.
2. At 336,000, it was the biggest monthly increase since February 2023.
3. The unemployment rate held steady at 3.8%, pointing to a resilient labor market.
4. Average hourly wage growth slowed to +4.2% Y/Y, which is still too high for the Fed.
5. Key Takeaway: The September employment report highlighted the remarkable resilience of the labor market.
6. Bottom line, additional rate hikes will be necessary to cool the economy.
Instant Reaction:
-U.S. Dollar Rallies
-Bonds Yields Jump
-Stocks Tumble
-U.S. Dollar Rallies
-Bonds Yields Jump
-Stocks Tumble
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