Economists had forecast the economy added 163,000 jobs in September.
www.barrons.com
Yep, the bad news just keeps coming. Keep expecting your dollar to be worth less and less each day. On the surface what sounds good doesn’t seem to make much difference in the percentages and numbers, yet it does seem to keep killing the dollar.
The unemployment rate
“held steady at 3.8%” in August, and the number of unemployed workers was essentially “
unchanged” at 6.4 million.
Dow futures tumbled by more than 200 points on the news, with futures on the S&P and Nasdaq falling by around 1% and 2%, respectively, as traders anticipated an additional rate hike from the Federal Reserve.
The resiliency of the labor has helped to keep consumer spending strong but Fed officials have expressed concern that could be too much of a good thing and put upward pressure on inflation.