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U.S. Non-Farm Payrolls bulletin 🇺🇸 September

+ Number of jobs created: 29,000 (Forecast = 90,000, previous month = 162,000)

+ Unemployment rate: 4.2% (Forecast = 4.1%, previous month = 4.1%)

+ Average hourly earnings month-over-month: 0.1% (Forecast = 0.3%, previous month = 0.3%)

👉 The U.S. economy created 29 thousand new jobs in September, below expectations and the previous month. August’s data was also revised downward. Meanwhile, the unemployment rate unexpectedly rose to 4.2%.

The probability that the Fed will raise rates in October continues to fall by 25% → 16%; the Fed is expected to have more room to keep interest rates unchanged even if inflation remains high!

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