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Delayed September job numbers rose 119,000, significantly above 51,000 estimate while unemployment rate rose to 4.4% from 4.3%
- Nonfarm payrolls added 119,000 jobs in September, significantly above 51,000 estimate.
- August job numbers were revised down to -4k from +22k.
- Unemployment rate rose to 4.4%, against expectations for it to stay unchanged at 4.3%.
- Average hourly earnings rose 0.2% in September, below 0.3% estimate and 0.4% in August (revised upwards from 0.3%).
- Labor force participation rate rose to 62.4% from 62.3% in August.
- S&P 500 futures are up 0.4% while Nasdaq Composite futures are up 0.6% following the report, but could have also been boosted by the strong Nvidia earnings.
