NFP - Non-Farm Data Boosts Confidence
2024-11-01
Summary:
The latest report showed 254,000 jobs added in September, surpassing the forecast of 147,000, while the unemployment rate fell to 4.1%.
Oct NFP
1/11/2024 (Fri)
Previous (Sep)：254k Forecast: 123k
The latest report showed 254,000 jobs were added in September, well above forecasts of the expected addition of 147,000 new jobs. Meanwhile, the unemployment rate ticked lower to 4.1%.
It also included upward revisions to the previous two months, with an additional 55,000 jobs added in July and another 17,000 in August. The adjustments also dispel grave concerns about US economy slowdown.
The jobs report came roughly a month before the election, with Vice President Harris closing the gap on former President Trump on whom voters trust more to handle the economy.
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