economyFeaturedSeptember Jobs Report

Delayed September Report Shows U.S. Added 119,000 jobs, More than expected

After the longest shutdown in history, it’s finally here…

The September Jobs report was released on Thursday, after being delayed by the 44-day government shutdown. According to the report, the U.S. economy added 119,000 jobs in September, more than double the Dow Jones estimate of 50,000.

That marks a sharp turnaround from August, when 4,000 jobs were lost after revisions.

“Despite the fact that today’s jobs report is very backward-looking, it’s making markets move,” said Seema Shah, chief global strategist at Principal Asset Management. “Equities like the fact that payrolls were stronger than expected, suggesting the economy is still on a firm footing, while the bond market likes the rise in unemployment and slowdown in wage growth, which may keep the case for a December Fed cut just about alive.”

Watch reactions to the jobs report below:

 

 



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