USA: job creation much better than expected

(CercleFinance.com) - The US economy generated 254,000 non-farm jobs in September, according to the Labor Department, a number well above market expectations, which were generally only around 140,000.


The unemployment rate also eased by 0.1 points to 4.1%, where economists had expected it to remain stable at 4.2%, while the labor force participation rate held steady at 62.7%, and average hourly earnings rose by 4% year-on-year.

Non-farm payrolls for the previous two months were also revised, from 89,000 to 144,000 for July and from 142,000 to 159,000 for August, for a total revision balance of +72,000 for these two months.

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