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Market Impact: 0.55
Both payroll employment (+29,000) and unemployment rate (4.2%) change little in September
Source: U.S. Bureau of Labor Statistics
Economic DataLabor Market
September nonfarm payrolls increased by 29,000, while the unemployment rate was unchanged at 4.2%. Employment was little changed across all major industries, indicating a broadly stable but subdued labor-market reading. The release is material for monetary-policy expectations given limited evidence of either accelerating hiring or significant labor-market deterioration.
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