Payroll Gains Smash Expectations in September, Tilting Odds Heavily in Favor of Another Rate Hike

Non-farm payroll employment rose by 336k in September, well ahead of expectations calling for a gain of 170k. Revisions to the two prior months were also meaningfully higher, adding an additional 119k to the previously reported figures. Hiring over the last three-months averaged 266k jobs per-month, well above August’s 189k but still below the 334k […]

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