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Non-Farm Payrolls bulletin 🇺🇸 for 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 for the month: 0.1% (Forecast = 0.3%, previous month = 0.3%)

👉 The US economy created 29 thousand new jobs in September, below expectations. Data for July and August were also adjusted DOWN. Meanwhile, the unemployment rate unexpectedly rose to 4.2% and average hourly earnings fell.

The probability of the Fed raising rates in October continues to drop by 25% → 16%; with the current Non-farm data and yesterday’s PCE, the Fed is expected to have more room to keep interest rates unchanged!

Note: Be careful about getting caught in long/short positions that go against the news, guys! $ETH