September employment surprised to the upside | Metals Mine

  • September employment surprised to the upside

    From raymondjames.com

    Although the September employment report surprised to the upside, the overall stance of the US labor market remains weak, something that was underscored by the third consecutive increase in the rate of unemployment, from 4.1% in June to 4.4% in September. But the problem with this data point is that we will never know the rate of unemployment for the month of October; and, although we will get delayed information on the rate of unemployment for November, that data is going to come in after the Federal Reserve Federal Open Market Committee (FOMC) meeting ends, which will not be helpful for the Fed’s interest rate ... (full story)

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