The report of US Non-Farm Payrolls has shown that only 194,000 jobs were created in September, well below the 500,000 expected. This result is the weakest recorded in all of 2021. The August figure, however, has improved upwards, standing at 366,000 compared to the 235,000 published a month ago.
The unemployment rate has been reduced by three tenths, falling to 4.8% from the previous 5.2%, improving the 5.1% forecast. This is the lowest unemployment rate seen since March 2020, in the midst of the coronavirus pandemic.
The level of underemployment U6 it has dropped three tenths, standing at 8.5% from the previous 8.8%, below the estimated 9%.
The average monthly hourly income is up 0.6%, above the 0.4% previous and forecast. Annually, wages have risen 4.6% from 4% in August, as expected.
The labor force participation rate has dropped slightly to 61.6% from 61.7%, which was also the estimated percentage.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.