CNBC Daily Open: There's good news for investors beneath September's jobs number

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

The number of jobs the U.S. economy added in September was so high markets fell. But what happened after was a lesson in looking beyond the headline number.

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribein September. That's almost two times the Dow Jones consensus estimate of 170,000 and over 100,000 more than the previous month — which was upwardly revised by 40,000. But the unemployment rate held steady at 3.8% against the forecast of 3.7%, while wages grew 0.

Economists were expecting job creation to slow from 227,000 in August to 170,000 in September. Instead, the shocker of a jobs report said nonfarm payrolls increased by 336,000 last month, the most since January. Markets slumped on the news.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Look beyond the headline jobs numberThe number of jobs the U.S. economy added in September was so high markets fell. But what happened after was a lesson in looking beyond the headline number.
Source: NBCLA - 🏆 319. / 59 Read more »

Akanga, Crawling Angel Team on APM Project 'I'll Smile In September'Crawling Angel Films and Akanga Film Asia are teaming on Busan Asian Film School alumnus Aakash Chhabra's APM project 'I′ll Smile in September.'
Source: Variety - 🏆 108. / 63 Read more »