The US Bureau of Labor Statistics report released moments ago shows that the US economy added 119,000 jobs in September, a figure delayed due to the government shutdown. This compares to a revised figure of 22,000 jobs added in August (later revised upwards to a loss of 4,000), exceeding market expectations of 53,000 new jobs.
Meanwhile, the unemployment rate rose slightly in October, by 0.01 percentage points, to 4.4%, compared to 4.3% in September. This was higher than expected, coinciding with a rise in the labor force participation rate to 62.4% from 62.3%.
Earnings per hour declined in October to 0.2% month-on-month, falling short of expectations, while year-on-year growth rose to 3.8%, compared to 3.7% in August.
In terms of sectors, the goods production sector added about 10,000 jobs, while the manufacturing sector lost 6,000 jobs, and the construction sector added 19,000 jobs. In contrast, the services sector added 87,000 jobs in October, with the healthcare and social assistance sector adding 57,000 jobs and the transport and storage sector losing 25,000 jobs.