U.S. Market Today: U.S. Adds 119K Jobs Stronger Than Expected in September, But Unemployment Rate Rises to 4.4%
📰The U.S. labor market recorded a stronger-than-expected increase with 119,000 jobs in September, even as the unemployment rate unexpectedly rose to 4.4%, according to government data that was long delayed in being released on Thursday.
The report - originally scheduled for early October - was postponed for six weeks due to the federal government shutdown, leaving markets without timely labor data during a volatile period.
⚜️Key Takeaways⚜️
The U.S. added 119,000 jobs, surpassing economists' expectations of 50,000.
The unemployment rate rose to 4.4%, exceeding the forecast of 4.3%.
The delayed jobs report due to the shutdown comes as markets weigh the Fed's diminishing rate cut possibilities.
$BTC maintained modest gains at around $91,900 after Nvidia posted strong earnings.
The next updated labor data will not be released until mid-December.
