U.S. jobs growth came in far weaker than expected in September.
The U.S. added just 29,000 jobs vs. 90,000 expected, while unemployment rose to 4.2%.
Other key
• August jobs revised down to 133K
• July revised from +21K to -10K
• Hourly earnings rose just 0.1% MoM
• Wage growth slowed to 3% YoY
Markets reacted positively, with Bitcoin holding near $87K and Treasury yields moving lower.
A weaker labor market could give the Fed more room on rates, even as inflation remains elevated.
#dyor #NFA✅
The U.S. added just 29,000 jobs vs. 90,000 expected, while unemployment rose to 4.2%.
Other key
• August jobs revised down to 133K
• July revised from +21K to -10K
• Hourly earnings rose just 0.1% MoM
• Wage growth slowed to 3% YoY
Markets reacted positively, with Bitcoin holding near $87K and Treasury yields moving lower.
A weaker labor market could give the Fed more room on rates, even as inflation remains elevated.
#dyor #NFA✅