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The U.S. Department of Labor announced on Friday (7th) that non-agricultural employment in September was 263,000, higher than market expectations of 250,000, but lower than the previous value of 315,000. The unemployment rate in September was 3.5%, lower than The market expected 3.7%, down from 3.7% in August. Data showed that the U.S. job market was quite strong.
September nonfarm payrolls report:
- Non-agricultural employment reported 263,000, expected 250,000, the previous value of 31.5
- Unemployment rate at 3.5%, expected 3.7%, previous value of 3.7%
- Average weekly hours reported 34.5 hours, expected 34.5 hours, previous value 34.5 hours
- Average hourly wage annual growth rate was reported at 5%, expected 5.1%, the previous value of 5.2%
- The monthly growth rate of average hourly wages was reported at 0.3%, expected 0.3%, and the previous value was 0.3%
- The labor force participation rate was reported at 62.3%, expected 62.4%, and the previous value was 62.4%
After the report was released, U.S. stock index futures fell short-term.Nasdaq Composite IndexFutures fell nearly 1.1%,S&P 500 IndexFutures fell 0.5%,Dow Jones Industrial AverageFutures fell 0.3%.
Continually updated…
