#USJobsData Watch
Recent U.S. jobs data shows a mixed labor market picture. Nonfarm payrolls rose by about 119,000 jobs in September, but the unemployment rate climbed to 4.4 percent, the highest in years. October’s official report was postponed after the federal government shutdown, and analysts expect November’s report to show modest gains with the jobless rate holding near 4.5 percent. Job openings stayed around 7.7 million, while layoffs climbed, pointing to cooling demand for workers. This mixed strength raises questions about hiring momentum and could influence central bank policy as markets interpret labor trends.
Are you watching jobs data for market direction next?
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