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Market Impact: 0.68
US Adds 29,000 Jobs in September, Jobless Rate Rises
Source: youtube.com
Economic DataEmploymentMonetary PolicyInterest Rates & Yields
US September payrolls increased by just 29,000, sharply undershooting the 90,000 consensus estimate by 61,000 jobs. The unemployment rate also rose to 4.2%, signaling a weaker labor-market backdrop that could increase expectations for Federal Reserve policy easing and pressure Treasury yields lower.
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