Economists polledby Reuters had forecast payrolls rising by 140,000 positionsafter advancing by a previously reported 142,000 in August. The initial...
-U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August's 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at its remaining two meetings this year. by 254,000 jobslast month after rising by an upwardly revised 159,000 inAugust, the Labor Department said on Friday. Economists polledby Reuters had forecast payrolls rising by 140,000 positionsafter advancing by a previously reported 142,000 in August.
"The number was phenomenal. It came in well above expectations. The unemployment rate came down and it shows the economy is strong." “Another point that the market should be concerned about is that average hourly earnings increased by 0.4% m/m, which was enough to push y/y number to 4%, a five-month high.”“Blockbuster payrolls report by any measure. I think a no-landing scenario for the U.S. economy has suddenly become far more plausible. This is a report that is beautiful on the headline level as well as the internals.
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