Free Trial

MNI BRIEF: US Sept Jobs Boom, U-Rate Surprises Down To 4.1%

MNI (WASHINGTON) - U.S. employers added 254,000 jobs in September, many more than the 150,000 analysts had expected, and the unemployment rate ticked down for a second straight month to 4.1%, the Bureau of Labor Statistics said Friday. The strong data alleviate concerns that the labor market is deteriorating quickly and will likely keep the Federal Reserve on track to cut interest rates gradually. 

Payrolls gains in the past two months were also revised higher by 72,000, bringing the three-month moving average to 186,000. Average hourly earnings rose 0.369% in the month, better than the 0.3% expected, and are up 3.969% over the past year. 

Keep reading...Show less
152 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (WASHINGTON) - U.S. employers added 254,000 jobs in September, many more than the 150,000 analysts had expected, and the unemployment rate ticked down for a second straight month to 4.1%, the Bureau of Labor Statistics said Friday. The strong data alleviate concerns that the labor market is deteriorating quickly and will likely keep the Federal Reserve on track to cut interest rates gradually. 

Payrolls gains in the past two months were also revised higher by 72,000, bringing the three-month moving average to 186,000. Average hourly earnings rose 0.369% in the month, better than the 0.3% expected, and are up 3.969% over the past year. 

Keep reading...Show less