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Data● Neutral for Indian equities
The U.S. jobs market just took a turn for the worse. Or did it?
The brief
- September hiring was slow, but the U.S. labor market did not collapse
- ‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- 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%
- US adds 29,000 jobs in September as unemployment rises to 4.2%
- The September jobs report will be released Friday. Here's what to expect