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Data● Neutral for Indian equities
‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
The brief
- US employers added 29,000 jobs in September, far below economists’ 90,000 expectation
- The unemployment rate rose to 4.2%
- Weaker US demand may weigh on Indian IT exporters’ growth prospects
- Bond traders see weak US jobs data letting Fed delay rate hikes
- Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- US jobs growth falls sharply to 29,000 in September; rate-hike bets tumble, futures surge
- Traders now see little chance of a Fed rate hike in October after weak jobs report
US September jobs report
US employers added 29,000 jobs in September, below expectations of 84,000 to 90,000 and down from a revised 133,000 in August. Unemployment rose to 4.2% from 4.1%.
Friday, 2 October
- ‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected