US September jobs report shows payroll miss, higher unemployment and downward revisions
U.S. nonfarm payrolls increased by 29,000 in September, versus an 84,000 consensus estimate, while the unemployment rate rose to 4.2% from 4.1% in August. Average hourly earnings increased 0.1% month over month, below the 0.3% estimate, and revisions reduced July and August payroll estimates by a combined 60,000 jobs.
The candidate is a single newly released September U.S. employment report, not four separate developments: the payroll, unemployment, wage and revision wires describe coordinated components of one release. The supplied evidence reports 29,000 payroll growth versus an 84,000 consensus estimate, unemployment at 4.2% versus 4.1% in August, 0.1% monthly wage growth versus a 0.3% estimate, and a combined 60,000 downward revision to prior payroll estimates. These economy-wide data are forward-looking inputs for Federal Reserve, interest-rate, consumer-credit and housing expectations, so the development is approved as macroeconomic_data. Importance and surprise are high because of the broad downside deviation, but not maximal because this was a scheduled monthly release and the eventual policy and asset-price effects remain uncertain. The occurrence time is anchored to the scheduled 8:30 a.m. ET release time rather than the later wire-publication timestamps. Approved stakeholders are limited to symbols with explicit rate, trading, consumer-credit, auto-finance, retail or housing exposure in the supplied context.
US LABOR SEP NONFARM PAYROLLS +29K; CONSENSUS +84K
US UNEMPLOYMENT RATE (SEP) ACTUAL: 4.2% VS 4.1% PREVIOUS; EST 4.1%
U.S AVERAGE HOURLY EARNINGS (MOM) (SEP) ACTUAL: 0.1% VS 0.3% PREVIOUS; EST 0.3%
US SEPT. TWO-MONTH PAYROLL NET REVISION SUBTRACTS 60,000
U.S. non-farm payrolls increased by 29,000 in September, considerably weaker than the 84,000 consensus forecast by economists in a WSJ survey.
Nonfarm payroll data for September showed the U.S. economy added 29,000 jobs, well below the 84,000 analysts expected. The unemployment rate rose to 4.2%.
Data Friday showed the U.S. added 29,000 nonfarm payrolls in September, below the consensus forecast of 84,000 jobs by economists in a WSJ poll.
The September jobs report gives the Fed more room to hold rates steady in October, with hiring slowing and unemployment edging up to 4.2%.
U.S. nonfarm payrolls rose just 29,000 and the unemployment rate increased to 4.2% in September
Economists in a WSJ survey had expected an 84,000 increase in payrolls and the jobless rate to remain at 4.1%.
Nonfarm payrolls increased by 29,000 jobs last month and the numbers of the prior two months were revised sharply lower
The Labor Department said a net 29,000 jobs were created in September, well below the 84,000 expected in a Wall Street Journal consensus. Past figures were revised downward by a total of 60,000 over August and July. The unemployment rate ticked higher to 4.2% from 4.1%.
US nonfarm payrolls increased by 29,000 jobs in September, well below economists' expectations of 90,000 in a Reuters' poll. The unemployment rate rose to 4.2% from 4.1% in August.
US employers overall added just 29,000 jobs last month, the Labor Department reported Friday, fewer than the 90,000 that economists had expected
The US finance sector, which is larger and an important source of income for law firms, lost 7,000 jobs last month.
Last month's nonfarm payrolls report showed on Friday that the US economy added 29,000 jobs compared with expectations for 90,000. And the Labor Department reported a September unemployment rate of 4.2% compared with economist expectations for 4.1%. Job growth for August was revised down to 133,000 from a previously reported 162,000 surge.
The Labor Department said a net 29,000 jobs were created in September, well below the 84,000 expected in a Wall Street Journal consensus.
Past figures were revised downward by a total of 60,000 over August and July.
The unemployment rate ticked higher to 4.2% from 4.1%.
The Labor Department said a net 29,000 jobs were created in September, well below the 84,000 expected in a Wall Street Journal consensus. Past figures were revised downward by a total of 60,000 over August and July. The unemployment rate ticked higher to 4.2% from 4.1%.
Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates in a Bloomberg survey of economists.
The September jobs report, which showed a seemingly weak 29,000 hiring gain and a move up in the unemployment rate to 4.2%, fits in with the recent performance of the sector, Hammack said in an interview with the PBS News Hour program.
September's Nonfarm Payrolls added just 29,000 jobs against expectations of 90,000, lifting unemployment to 4.2%
September's payrolls added just 29,000 jobs—far below the 90,000 expected—pushing unemployment to 4.2% and prompting downward revisions to prior months.
Data last week showed US job growth slowed more than expected in September and the nonfarm payrolls count for the prior two months was revised sharply lower, almost taking another rate hike from the Fed this month off the table.
US job growth slowed more than expected in September, and the nonfarm payrolls count for the prior two months was revised sharply lower, data showed on Friday.