The United States created 263,000 jobs during the month of September, exceeding the 250,000 expected, although showing a result lower than the 315,000 created in August. The Non-Farm Payroll figure is the lowest seen in 17 months, specifically since April 2021.
The unemployment rate fell two tenths, standing at 3.5% vs. 3.7% prior and forecast. The U6 underemployment rate has dropped to 6.7% from the previous 7%, improving by one tenth the estimated 6.8%.
The average hourly earnings monthly growth maintained at 0.3%, as expected. The annual grew 5%, but below the 5.2% of August and the 5.1% of the consensus.
Finally, the labor force participation rate stood at 62.3% from 62.4% previously, slightly above the 62.2% projected.
EUR/USD reaction
The EUR/USD has reacted with a drop of 55 pips that has led to 1-week lows at 0.9750. At time of writing, the pair is trading above 0.9760, down 0.32% daily. The dollar has strengthened on the data, with the DXY index soaring to 112.59, its highest level since September 30.
Source: Fx Street

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