U.S. Adds 119K Jobs in September as Unemployment Rises to 4.4%
The U.S. labor market showed stronger-than-expected growth in September, according to the Bureau of Labor Statistics report released Thursday after delays caused by the government shutdown.
Nonfarm payrolls rose 119,000, well above the forecast of 50,000. August’s figure was revised to a 4,000 decline from an earlier 22,000 gain. The unemployment rate ticked up to 4.4% from 4.3%, slightly higher than expected.
Markets remained steady following the report. Bitcoin held near $91,900, Nasdaq futures rose 1.9%, the 10-year Treasury yield stayed at 4.11%, and the dollar edged higher. Analysts say the report is unlikely to affect December Fed rate expectations.
