September Nonfarm
Payrolls:
+114K vs. consensus +115K, +181K previous (revised from
96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous.
More on Nonfarm Payrolls: The big surprise is the major revision upward (86K) in jobs for July and August. Average workweek up 0.1 to 34.5 hours. Average hourly earnings up $0.07 to $23.58 (Y/Y gain of 1.8%). The household survey shows a big jump, +873K jobs after 3 months of essentially no gains
More on Nonfarm Payrolls: The big surprise is the major revision upward (86K) in jobs for July and August. Average workweek up 0.1 to 34.5 hours. Average hourly earnings up $0.07 to $23.58 (Y/Y gain of 1.8%). The household survey shows a big jump, +873K jobs after 3 months of essentially no gains
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