The US nonfarm payroll data for September has been released. The US nonfarm payroll data, closely monitored by dollar, gold, stock, and crypto investors, helps investors determine directional signals. Investors adjust their investments based on the positive or negative signals regarding the US economy following the nonfarm payroll data. So, what happened with the US nonfarm payroll data for September?
The US nonfarm payroll data for September has been announced. The direction of the US nonfarm payroll data, closely followed by investors, was a matter of curiosity for September. So, what happened with the US inflation decision in September? What were the economists’ inflation expectations?
US NONFARM PAYROLL DATA: In the US, nonfarm payrolls increased by 254,000 in September, exceeding expectations, while the unemployment rate decreased from 4.2% to 4.1% WHAT WERE THE EXPECTATIONS? Optimism about a “soft landing” for the economy in the US persisted, while signals from today’s employment market data were predicted to increase volatility in the markets. Confidence in inflation reaching the desired level strengthened in the country, while lingering recession fears remained a complicating factor for pricing. According to yesterday’s data, the number of first-time claims for unemployment benefits in the US increased to 225,000 in the week ending September 28, surpassing market expectations.
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