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Stock impact report

Economic Report: U.S. labor market seen as still-healthy despite payrolls miss, economists say [MarketWatch]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: MarketWatch
U.S. labor market seen as still-healthy despite payrolls miss, economists say Here are some comments from economists about the September employment data, which showed the U.S. adding 136,000 jobs in the month, and the unemployment rate hitting a 50-year low. Economists polled by MarketWatch had forecast a 150,000 increase. Read more about the September jobs report from MarketWatch . • “The U.S. labor market appears to still be on relatively healthy footing despite the downside miss on payrolls for September. The 136,000 jobs created was only marginally below the consensus forecast and there was a large upwards revision to the prior two months (+45,000)...Overall, these data are constructive enough to allow the Fed to skip October in our view, and cut in December.” — Katherine Judge, CIBC Economics. • “No change to [average hourly earnings] on the month and a substantial deceleration in the year-on-hear measure to 2.9% from 3.2% (slowest YoY since July 2018) are troubling.” — Thomas S Show less Read more
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