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Data● Neutral for Indian equities
US economy adds just 29,000 jobs in September as hiring slows sharply
The brief
- The US economy added 29,000 jobs in September, as hiring slowed sharply
- US hiring weakness may affect Indian IT firms through client spending and Fed-rate expectations
- Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
- ‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Bets on an October Fed rate hike fall as US job market cools
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%