US: Total nonfarm payroll employment increased by 134,000 in September vs. 185,000 expected


"The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000, " the U.S. Bureau of Labor Statistics announced on Friday.

 

Key takeaways from the official publication

  • The unemployment rate declined by 0.2 percentage point to 3.7 percent in September, and the number of unemployed persons decreased by 270,000 to 6.0 million.
  • In September, the labor force participation rate remained at 62.7 percent, and the employment-population ratio, at 60.4 percent, was little changed.
  • The number of persons employed part time for economic reasons (sometimes referred to as involuntary part- time workers) increased by 263,000 to 4.6 million in September. 
  • The average workweek for all employees on private nonfarm payrolls remained unchanged at 34.5 hours in September. 
  • In September, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $27.24.
  • Over the year, average hourly earnings have increased by 73 cents, or 2.8 percent.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD retreats on the hawkish Fed cut

EUR/USD is trading closer to 1.10 after the Fed cut rates but signaled no further rate reductions. The bank acknowledged the strong labor market and robust consumption. However, it is worried about investment.

EUR/USD News

GBP/USD: Rising wedge at the top inflates downside risk

GBP/USD portrays a short-term rising wedge bearish formation while trading near 1.2475 during the Asian session on Thursday. One-week-old rising wedge surrounding monthly tops questions buyers.

GBP/USD News

USD/JPY pops 20 pips on the as expected Fed

USD/JPY is currently trading at 108.32 following the FOMC, travelling between 108.08 and 108.33 but is virtually flat on the day as the Fed lowered rats as expected by 25 basis points.

USD/JPY News

Gold drops on strength in the Greenback following a dubious Fed rate cut

Gold prices have dropped on the Federal Reserve decision whereby no real assurance of more cuts down the line were presented. However, the door has been left open which limits the downside potential in this move.

Gold News

Australian Employment Preview: The Fed and then the RBA

Higher unemployment could set the stage for RBA cuts. Employment is expected to increase by 10,000 in August after July’s addition of 41,100. Federal Reserve rate decision and economic projections in the background

Read more

Forex MAJORS

Cryptocurrencies

Signatures