Summary:
The latest report showed 254,000 jobs added in September, surpassing the forecast of 147,000, while the unemployment rate fell to 4.1%.
Oct NFP
1/11/2024 (Fri)
Previous (Sep)：254k Forecast: 123k
The latest report showed 254,000 jobs were added in September, well above forecasts of the expected addition of 147,000 new jobs. Meanwhile, the unemployment rate ticked lower to 4.1%.
It also included upward revisions to the previous two months, with an additional 55,000 jobs added in July and another 17,000 in August. The adjustments also dispel grave concerns about US economy slowdown.
The jobs report came roughly a month before the election, with Vice President Harris closing the gap on former President Trump on whom voters trust more to handle the economy.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The Australian dollar steadies as the RBA eyes more rate cuts and trade tensions loom, keeping the AUD trend sensitive to global policy shifts.
2025-07-07
Tesla shares plunged 6% on 1 July amid political tensions and delivery concerns. The volatility highlights ongoing challenges facing the EV giant.
2025-07-07
European shares fell Friday due to declines in banks and mining stocks, as attention shifts to the July deadline for a trade deal with the White House.
2025-07-07
