The U.S. Nonfarm Payrolls Rise in September

Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the Unemployment Rate dropped to 4.8% from 5.2% in August, compared to analysts’ expectation of 5.1%. Additionally, the Labor Force Participation Rate declined to 61.6% from 61.7% and the wage inflation, as measure by the Average Hourly Earnings, rose 4.6% on a yearly basis as expected.