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8.2

US September jobs miss: +29k, unemployment up to 4.2%

US nonfarm payrolls rose by only 29,000 in September, well below consensus, while the unemployment rate ticked up to 4.2%. The data signals a cooling labor market ahead of midterm elections, raising odds of Fed easing and pressuring risk assets.

Al Jazeeraabout 17 hours agoUSengCredibility 53%View source

Score Breakdown

Mosaic Score8.2
Model confidence0.9
Significance0.8
Source credibility0.5

Intelligence Tags

#jobs report#unemployment#federal reserve#economic data#midterm elections

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