Bets on an October Fed rate hike fall as US job market cools
- The US added 29,000 jobs last month, below economists’ forecast of 90,000
- The unemployment rate rose to 4.2%
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Topic
US economy▲ +18% net tone today
- US employers added 29,000 jobs in September, below expectations of 84,000–90,000
- The unemployment rate rose to 4.2% as September hiring fell sharply
- Wall Street futures extended gains after the nonfarm payrolls data
Stories per day
727 Sept
828 Sept
929 Sept
1130 Sept
131 Oct
142 Oct
23 Oct
US adds 29,000 jobs in September as unemployment rises to 4.2%
- Hiring fell from a revised 133,000 in August to 29,000 in September
- Unemployment rose to 4.2% from 4.1% in August
- US demand signals matter to Indian IT services companies reliant on American clients
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- US nonfarm payrolls rose by 29,000 in September, versus 84,000 expected
- Unemployment rose to 4.2%, from 4.1% expected
- A softer US jobs market may affect Indian IT exporters through client demand and global rate expectations
‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- 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