Free Trial
LNG

EU LNG Demand to Surge 60% to 2026

EGB OPTIONS

Large Bund call spread

GBP

Some momentum selling

GBP

Cable breaks 1.1500

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: US Sept Jobs Meet Expectations; Unemployment Dips

(MNI) WASHINGTON

U.S. wage growth remained steady at 5.0% on the year, as participation rate falls again.

U.S. employers added 263,000 jobs in September, roughly meeting analyst expectations for 260,000, and slowing from prior months' stronger pace, while the unemployment rate dipped to 3.5%, the Bureau of Labor Statistics reported Friday.

Average hourly earnings grew 0.3% last month meeting expectations. It's up 5.0% on the year. Federal Reserve officials are looking for wage gains to slow as they raise interest rates. Revisions added 11,000 jobs to August and July, and the number of unemployed fell 261,000. Notable job gains occurred in leisure and hospitality (+83k) and in health care (+60k). The labor force participation rate was 62.3%, down from 62.4% in August, and the employment to population ratio held steady at 60.1%.

Keep reading...Show less
173 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

U.S. employers added 263,000 jobs in September, roughly meeting analyst expectations for 260,000, and slowing from prior months' stronger pace, while the unemployment rate dipped to 3.5%, the Bureau of Labor Statistics reported Friday.

Average hourly earnings grew 0.3% last month meeting expectations. It's up 5.0% on the year. Federal Reserve officials are looking for wage gains to slow as they raise interest rates. Revisions added 11,000 jobs to August and July, and the number of unemployed fell 261,000. Notable job gains occurred in leisure and hospitality (+83k) and in health care (+60k). The labor force participation rate was 62.3%, down from 62.4% in August, and the employment to population ratio held steady at 60.1%.

Keep reading...Show less