US Jobs Report Weakness Dims Rate Hike Odds
The September US employment report showed only 29,000 jobs added, significantly missing the 90,000 consensus and revised lower August payrolls, dampening expectations for further interest rate hikes.
The September employment report fell far short of expectations, with markets taking the softer reading in stride. The US economy added 29,000 jobs last month, less than one-third of the 90,000 consensus. August payrolls were also revised down by 17.