TD analysts noted that "the........>

US TSYS/RESEARCH: TD analysts noted that "the September jobs report was heavily

hurricane distorted, with -33K drop in the headline nonfarm payroll number.

However, average hourly earnings jumped 0.5% m/m (0.454% unrounded), bringing

the annual wage growth rate to 2.9%. The unemployment rate dropped to a 16-year

low of 4.2%, based on a 906K increase in the household survey."

- They added that "today's report makes it extremely difficult for the Fed to

assess the state of the labor market, but the increase in wages and drop in the

unemployment rate both point to an improving labor market that should support a

December rate hike, as do positive revisions to the August data."