The U.S. economy created far fewer jobs than expected in September, with only 29,000 positions added versus the 84,000 forecast, according to the Bureau of Labor Statistics. The unemployment rate climbed to 4.2%, exceeding expectations of 4.1%. Revisions to August and July data subtracted a total of 60,000 jobs. Market reaction was immediate: stock futures jumped and Treasury yields fell, with traders interpreting the weak numbers as a reason for the Federal Reserve to keep rates unchanged in October.
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