Jobs Report Has Goldilocks Feel, But Offers More Evidence Of Cooling Economy. All Eyes On Fed Implications

Jobs Report Has Goldilocks Feel, But Offers More Evidence Of Cooling Economy. All Eyes On Fed Implications

The US labor market hung tough in September, the latest sign that Donald Trump's once high-flying MAGA economy hasn't completely succumbed amid a worsening global slowdown. Nonfarm payrolls increased 136k last month, missing estimates of 145k, but avoiding the kind of disaster print that some feared following abysmal reads on IHS Markit's employment gauges and a soft ADP report earlier this week. Revisions added 45k to the headlines for July and August. Private payrolls were weak at 114k. A
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