$PAXG
📌 US jobs report for September carried surprising data that could overturn the interest-rate outlook and make the Federal Reserve’s task tougher
What did the jobs report bring?
📊 The US economy added 29 thousand jobs in September only, a sharp drop from expectations of adding 90 thousand, marking the lowest level since 2022
📈 The unemployment rate accelerates to 4.2% versus expectations of it holding steady at 4.1% during September
📈 Bets rise on keeping interest rates at the same levels in October to 72%
📈 The US Bureau of Labor Statistics revises August jobs data downward, to an increase of 133 thousand jobs instead of the previously reported rise of 162 thousand
📊 The dollar falls 0.3%, gold rises by more than 1%, bonds gain, and US stock index futures continue climbing after the jobs data
📌 US jobs report for September carried surprising data that could overturn the interest-rate outlook and make the Federal Reserve’s task tougher
What did the jobs report bring?
📊 The US economy added 29 thousand jobs in September only, a sharp drop from expectations of adding 90 thousand, marking the lowest level since 2022
📈 The unemployment rate accelerates to 4.2% versus expectations of it holding steady at 4.1% during September
📈 Bets rise on keeping interest rates at the same levels in October to 72%
📈 The US Bureau of Labor Statistics revises August jobs data downward, to an increase of 133 thousand jobs instead of the previously reported rise of 162 thousand
📊 The dollar falls 0.3%, gold rises by more than 1%, bonds gain, and US stock index futures continue climbing after the jobs data