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U.S. economy adds 194,000 jobs in September, well below forecast

Tiger Newspress2021-10-08

(Oct 8) The U.S. economy created jobs at a much slower pace than expected pace in September, a pessimistic sign at a time of concerns over the path of the pandemic, stubbornly high inflation and dysfunction in Washington.

Nonfarm payrolls rose by just 194,000 in the month, compared to the Dow Jones estimate of 500,000, the Labor Department reported Friday. The unemployment rate fell to 4.8%, against the expectation for 5.1%.

The headline number was hurt by a 123,000 decline in government payrolls, while private payrolls increased by 317,000.

Dow trades virtually unchanged at 34,645,Nasdaq-100 futures up 0.2%

Gold prices pop after September jobs report, December gold up 0.4% at $1,769.20/oz.

August job gains raised to 366,000 from 235,000; July job gains revised up to 1.09 from 1.05 million

J.P. Morgan Chase stock down 0.1% premarket after jobs data.

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评论19

  • koolgal
    ·2021-10-09
    Less jobs means possibly higher costs of labour which translates into higher costs for consumer! It is inflation time! 🤔
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    • koolgal
      Thanks 👍😊
      2021-10-09
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    • koolgal
      Yes that is right
      2021-10-09
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    • lilk2road
      I can't agree with you any more!And there is inflation all the time.
      2021-10-09
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  • ArcherWG
    ·2021-10-09
    Oh... 
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    • ArcherWG
      No good
      2021-10-09
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  • replaygoh
    ·2021-10-09
    haha
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  • SamYYL
    ·2021-10-08
    Good and like 
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  • Loyster
    ·2021-10-08
    Underreporting the previous month payroll by 30%? Looks like data manipulation, masking the risk of inflation to boost the markets.Can't trust the American.
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  • LibyLeong
    ·2021-10-08
    Great news
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  • Palantir20
    ·2021-10-08
    Bull or Bear tonight?
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    • Le66ad
      No up or down
      2021-10-08
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  • Lifestyle
    ·2021-10-08
    It’s good news to show the Fed that the labor market is still weak and they need to have loose monetary policies. Market is gona rally 🚀
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    • sullivanaaa
      Yes,they need more money and the market will rally in a short time.But we must also watch the inflation!
      2021-10-09
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    • thinorfat
      At present, the pressure brought by debt has been great. Will it really have a good effect if we still adopt loose monetary policy?
      2021-10-09
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  • Universe宇宙
    ·2021-10-08
    @koolgalwhat are your views?
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  • boonk
    ·2021-10-08
    Another up tonight
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    • och
      [微笑]
      2021-10-08
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  • BBBBBBBBBB
    ·2021-10-08
    Ok
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    • Ken81
      Ok
      2021-10-08
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    • PanaCota
      ok
      2021-10-09
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  • Kittyzai
    ·2021-10-08
    Yes
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  • DragonKC
    ·2021-10-08
    Another stocks down coming. 
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  • 85fadd7
    ·2021-10-08
    O
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  • Blurtadpole
    ·2021-10-08
    [强] 
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  • 財神發
    ·2021-10-08
    Good 👍 
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  • RoyNg
    ·2021-10-08
    👍🏻
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  • DesmondChin
    ·2021-10-08
    Haha, super bull day again 
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    • RoyNg
      👍🏻
      2021-10-08
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  • AlphaSpiker
    ·2021-10-08
    Good for bull run yeah! 
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