The US added 29,000 nonfarm jobs in September, far below the market expectation of 90,000, with the previous figure revised down from 162,000. The private sector added 46,000 jobs, also below the expected 85,000, with the previous figure revised down from 127,000. The unemployment rate rose to 4.2%, higher than the expected 4.1% and up from the previous 4.1%. The year-over-year growth rate of average hourly earnings slowed to 3%, below the expected 3.2% and the previous 3.1%. All four indicators fell short of expectations, clearly signaling a cooling labor market. According to financial media reports, job vacancies in August fell to 7.079 million, below the expected 7.225 million, with the previous figure revised to 7.335 million, consistent with the weakening nonfarm payrolls this time, jointly pointing to a continued contraction in labor demand. The rising unemployment rate combined with slowing wage growth means that both supply and demand sides of the labor market are weakening simultaneously, a combination that may affect market expectations for future policy paths. #9月非农今晚公布,加息预期成焦点
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