Breaking: US Nonfarm Payrolls rise by 661K in September vs. 850K expected


Nonfarm Payrolls (NFP) in the US rose by 661,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed August's increase of 1,489,000 (revised from 1,3171,000) and fell short of the market expectation of 850,000.

Further details of the publication revealed that the Unemployment Rate dropped to 7.9% from 8.4% in August and came in better than analysts' estimate of 8.2%. Moreover, the Labor Force Participation Rate dropped to 61.4% from 61.7% and the Average Hourly Earnings rose by 4.7% on a yearly basis, compared to the market expectation of 4.8%.

Follow our live coverage of the NFP report and the market reaction. 

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen posting small daily gains at 93.78.

Additional takeaways from the press release

"The employment-population ratio, at 56.6%, changed little over the month but is 4.5 percentage points lower than in February."

"Among those not in the labor force who currently want a job, the number of persons marginally attached to the labor force,  at 1.9 million, changed little in September."

"The average workweek for all employees on private nonfarm payrolls rose by 0.1 hour to 34.7 hours in September."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD bounces from 1.18 after robust German Manufacturing PMI

EUR/USD is trading above 1.18 after German Manufacturing PMI beat estimates. Other PMIs missed expectations. US fiscal stimulus and the election developments are eyed.

EUR/USD News

GBP/USD retreats amid mixed Brexit headlines

GBP/USD has retreated from the highs around 1.31 after UK minister Truss reiterated that the UK could leave without a deal. Ireland´s Coveney expressed more optimism. UK retail sales beat estimates while PMIs were mixed.

GBP/USD News

XAU/USD's reversal from $1,914 contained at $1,895 support area

Gold’s upside attempt witnessed during the Asian and European trading sessions has been halted at $1,914 on the Early US session as market sentiment plunged and the precious metal has dropped to find support at $1,895.

Gold News

Forex Today: Dollar clings to gains after the presidential debate, Bitcoin extends gains, PMIs eyed

The US dollar is holding onto Thursday's recovery, The presidential debate was more civilized than the previous one and post-event opinion polls are awaited. Earlier, hopes for a stimulus bill faded and allowed the dollar to recover. PMIs and COVID-19 statistics stand out on Friday.

Read more

WTI hits one-week low at $39.55 after Baker Hughes’ report

Front-month WTI futures’ reversal from day tops near $41 has extended to one-week lows at $39.55 on Friday after Baker Hughes reported that US oil and gas rigs increased to their highest level since May last week.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures