U.S. Adds 119K Jobs in September; Unemployment Rises to 4.4%
The U.S. labor market showed unexpected strength in September, according to Thursday’s Bureau of Labor Statistics report, delayed by the recent government shutdown.
Nonfarm payrolls increased by 119,000, well above the 50,000 forecast, while August’s figure was revised to a 4,000 decline from a previously reported gain of 22,000. The unemployment rate rose to 4.4% from 4.3%, slightly exceeding expectations.
This marks the first official economic data release since the shutdown, with the next update expected in mid-December.
Markets remained steady: bitcoin held near $91,900, U.S. stock futures rose with the Nasdaq up 1.9%, the 10-year Treasury yield stayed at 4.11%, and the dollar gained modestly. Analysts say the report is unlikely to change expectations for December Fed policy.
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