US September Payrolls & Earnings4th October, 2019 2:35 pm
Perfect jobs number for the optimists. While the headline rate was a bit below expectations upward revisions took the edge off the weak August and to a lesser extent July numbers. Meanwhile the unemployment rate fell further, from 3.7% to 3.5% while the U6 rate fell to 6.9% from 7.2%. But look a little deeper and things don’t look quite too hot.
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