US Job Growth in September Increases by 190,000... Falls Short of 500,000 Forecast
[Asia Economy Reporter Kwon Jaehee] The U.S. Department of Labor announced on the 8th (local time) that nonfarm payrolls increased by 194,000 in September.
This figure is significantly below the expert forecast of 500,000 compiled by Bloomberg News. It also falls short compared to the previous month (366,000).
Following August, when the increase was less than one-third of market expectations, the job growth has fallen short of expectations for two consecutive months.
The unemployment rate slightly decreased to 4.8% from 5.2% in the previous month.
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