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Market Impact: 0.7

US Adds 29,000 Jobs in September, Jobless Rate Rises

Source: Bloomberg

Economic DataLabor MarketMonetary PolicyInterest Rates & Yields

US September payrolls increased by just 29,000, sharply missing the 90,000 consensus estimate by 61,000 jobs. The unemployment rate rose to 4.2%, signaling further labor-market cooling and potentially strengthening the case for easier Federal Reserve policy.

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