With Wall Street all bulled up on the economy, expecting a print of 175K while the whipser number was decided higher, and closer to 200K, moments ago the BLS reported that in September the US created only 156K jobs, missing expectations, and down from the upward revised 167K in August, leaving the question of whether the Fed will hike imminently unanswered.
However, offsetting the September miss, last month’s disappointing print of 151K was revised to 167K. Additionally, the change in total nonfarm payroll employment for July was revised down from +275,000 to +252,000. With these revisions, employment gains in July and August combined were 7,000 less than previously reported. Over the past 3 months, job gains have averaged 192,000 per month.
he unemployment rate, at 5.0 percent, and the number of unemployed persons, at 7.9 million, changed little in September. Both measures have shown little movement, on net, since August of last year.
via http://ift.tt/2dR0zaU Tyler Durden