September jobs miss badly: Only 29K added vs 89K expected.
Unemployment ticks up to 4.2% (expected 4.1%). August also revised down by 29K.
This is now the third weakest report of the year. Labor market clearly cooling.
Fed's got more room to cut if this trend holds. Watch how equities react—bad news might be good news if it brings rates down faster.
Unemployment ticks up to 4.2% (expected 4.1%). August also revised down by 29K.
This is now the third weakest report of the year. Labor market clearly cooling.
Fed's got more room to cut if this trend holds. Watch how equities react—bad news might be good news if it brings rates down faster.