US September nonfarm payrolls miss badly at 29K vs 90K expected; unemployment rises to 4.2%

US September nonfarm payrolls came in at 29K versus 90K expected, down from a revised 133K prior, with the unemployment rate rising to 4.2% from 4.1% expected. Average hourly earnings rose 0.1% m/m and 3.0% y/y, both below expectations, weakening the dollar and rate-hike expectations.

Detected & updated continuously · Source: Nebula