September 2015 Jobs Report
Live coverage as the September jobs report numbers are released.
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GENDER: Changes in non-farm payrolls
AGE: Changes in non-farm payrolls
EDUCATION: Change in non-farm payrolls
RACE: Changes in non-farm payrolls1 of 4
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Thanks for joining our live coverage of the September jobs report. You can find the rest of today's updates on reuters.com. See you next month!Wall Street opens lower on weak jobs dataU.S. political pundits' careers began with paper routes, stocking shelves
U.S. stocks opened sharply lower on Friday after data showed a lower-than-expected rise in nonfarm payrolls in September, raising doubts that the economy is strong enough to absorb an interest rate increase this year.
A small hike in rates could help calm volatile equity markets and start giving the Fed some ammunition to deal with any future economic slowdowns.
The Dow Jones industrial average fell 84.05 points, or 0.52 percent, to 16,187.96, the S&P 500 lost 14.19 points, or 0.74 percent, to 1,909.63 and the Nasdaq composite dropped 58.21 points, or 1.26 percent, to 4,568.88.
(Reporting By Samantha Kareen Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)
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U.S. bond prices jump after disappointing jobs report
By Tariro Mzezewa
NEW YORK (Reuters) - U.S. Treasury debt prices rose on Friday with benchmark yields falling to their lowest in 5-1/2 weeks as a weak jobs report for September reduced economists' expectations that the Federal Reserve will raise interest rates this year.
Employers hired 142,000 people last month, far below the 203,000 forecasters expected and August numbers were revised lower to show only 136,000 jobs were added in August, the U.S. Labor Department said.
"The U.S. economy has been the one shining star globally and the report creates doubts on that front," said Priya Misra, head of global rate strategy at TD Securities in New York.
Benchmark ten-year Treasuries notes US10YT=RR were up more than 1 point in price to yield 1.918 percent, down 12 basis points from late Thursday.
The 30-year bond US30YT=RR was up almost 2 points in price with a yield of 2.758 percent, down 9 basis points on the day.
((Reporting by Tariro Mzezewa; Editing by Nick Zieminski) -
Global weakness weighing on U.S. job growth: White House adviser
WASHINGTON (Reuters) - Economic weakness overseas is spilling onto America's shores and weighing on U.S. job growth, a top White House economic adviser said on Friday after the government reported that non-farm employment expanded by just 142,000 in September.
"There is no doubt that the events happening in the rest of the world are affecting the U.S. economy," Council of Economic Advisers Chairman Jason Furman told CNBC. "Broadly, we're really happy to see the unemployment rate where it is but the events in the rest of the world, they matter for us here in the United States."
(Reporting by Timothy Ahmann and Megan Cassella; Editing by Bill Trott) -
Yellen's DashboardHow Federal Reserve Chair Janet Yellen gauges job market health. Each indicator shows its history as well as its current distance from normal levels:
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My cynical financial industry friends have said for months there's no way the Fed tightens in '15. I thought they were wrong until today.2:39 PM - 02 Oct 2015
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“Kind of a 1-2 punch certainly to the economic bulls out there and also those that were anticipating a Fed hike earlier rather than later. Market participants in general will look at this number and say this probably pushes out the probability of a Fed tightening to beyond the October meeting."--Tony Bedikian, managing director of global markets, Citizens Financial Group, Boston
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Oh the irony. It's National Manufacturing Day, but today's #jobsreport shows loss of 9,000 mfg jobs in September. Tough start for #Mfgday152:31 PM - 02 Oct 2015
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Check out the September jobs report in charts:
REUTERS GRAPHICS -
Oil turns negative after weak U.S. jobs data
By Simon Falush
LONDON (Reuters) - Oil fell on Friday, reversing earlier gains after non-farm payrolls data came in weaker than expected which clouded the demand outlook from the world's largest oil consumer.
U.S. employers slowed hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.
"The jobs data was lower than expected so it softens the picture for the U.S. a bit," said Olivier Jakob, analyst at Petromatrix in Zug, Switzerland.
Global benchmark Brent fell 20 cents to $47.49 a barrel by 1308 GMT. The contract had closed the previous session down 68 cents. U.S. crude was 8 cents at $44.82 a barrel.
The downward move was much more muted than for other assets such as stocks due to weakness in the dollar. -
9:36 AM - 02 Oct 2015
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BREAKING: Dow Jones Industrial Average down roughly 200 points after disappointing jobs data. LIVE coverage: http://t.co/IBI6NGsaQF9:34 AM - 02 Oct 2015
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Stocks slum, bonds soar after weak U.S. jobs data
U.S. and European stock markets sank on Friday in response to drastically poorer than expected U.S. jobs numbers which weakened the case for a rise in Federal Reserve interest rates this year.
The payrolls numbers showed hiring outside of farming of just 142,000 last month, short of a consensus forecast of 203,000, while August figures were revised sharply lower to show only 136,000 jobs were added a month earlier.
Europe's major stock markets, which had been up around 1.5 percent on the day, fell back into negative territory while futures showed Wall Street would fall around 1 percent on opening.
That all came at the end of what has already been a wild week for markets due to concerns over China, commodities prices and related stocks like Glencore.
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Euro up today (Oct. 2, 2015)
Wasn't the #euro supposed to be dead 14 years ago? http://t.co/Q0B2gH1a6N
2:18 PM - 02 Oct 2015- Reply
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Bad news is good news! It's not? What? http://pbs.twimg.com/media/CQUJJtdWcAAEtb7.png
by David Gaffen via twitter 10/2/2015 1:15:50 PM -
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Wall Street set to open lower after disappointing jobs data
ReutersWall Street looked set to open sharply lower on Friday after data showed a less-than-expected rise in nonfarm payrolls in September, raising doubts that the economy is strong enough to allow the Federal Reserve to raise interest rates this year. -
The unemployment rate very nearly dropped to 5%: it was 5.051% carried out to the third decimal. Only 0.002% away, with rounding!9:07 AM - 02 Oct 2015
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Even the most bearish (realistic?) of the 104 economists in @ReutersPolls wasn't bearish enough on payrolls. EAA predicted 154k.2:05 PM - 02 Oct 2015
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Lackluster jobs data spur fresh worries about a cooling economy. Is Fed rate rise off the table for 2015? @jbartash http://t.co/OBEmeOOUMI9:00 AM - 02 Oct 2015
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U.S. hiring clearly slowing, private payrolls even more, wage rises stuck around 2% and show no signs of pickup. How far away is cylce end?2:02 PM - 02 Oct 2015
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KEY POINTS OF SEPTEMBER JOBS REPORT
- Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added in August, the Labor Department said on Friday.
- *That marked the smallest two-month gain in employment in over a year and could fuel fears that the China-led global economic slowdown is sapping America's strength.
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Wall Street set to open lower after disappointing jobs data
By Abhiram Nandakumar and Tanya Agrawal
(Reuters) - Wall Street looked set to open sharply lower on Friday after data showed a less-than-expected rise in nonfarm payrolls in September, raising doubts that the economy is strong enough to allow the Federal Reserve to raise interest rates this year.
U.S. employers added 142,000 jobs, compared with 136,000 in August and below the 203,000 that economists polled by Reuters had expected. August figures were also revised sharply lower.
The jobless rate held steady at 5.1 percent but average hourly wages fell by a cent to $25.09 during the month, and were up only 2.2 percent from the same month in 2014.
This is the last payrolls data before the Fed meets later this month.
"It's an absolutely weak report all around," said Tom Porcelli, chief U.S. economist at RBC Capital Markets.
"So if you have a weak report here in combination with some of the other weakness that we are seeing across the globe, the odds (of a rate hike) get dinged for December." -
Average monthly job growth likely to drop this year for first time since crisis:
2010: 89
2011: 173
2012: 188
2013: 199
2014: 260
2015: 1988:53 AM - 02 Oct 2015- Reply
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The more you look at today's jobs report, the uglier it gets http://t.co/YXnT0PGDz38:56 AM - 02 Oct 2015
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U.S. bond prices rally after weak jobs dataOct 2 - U.S. Treasuries prices jumped on Friday with yields falling to their lowest levels in 5-1/2 weeks as a deeply weak U.S. jobs report for September reduced traders' view the Federal Reserve would raise interest rates later this year.
The Labor Department said employers hired 142,000 workers last month and August figures were revised sharply lower to show only 136,000 jobs added in August.
Benchmark 10-year Treasuries notes were up nearly 1 point in price for a yield of 1.940 percent, down 10 basis points from late on Thursday.
(Reporting by Richard Leong; Editing by Chizu Nomivama) -
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Tiny silver lining: Americans working part time for economic reasons in Sept was the lowest since Aug 2008.1:47 PM - 02 Oct 2015
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U.S. STOCKS SNAPSHOT - Futures turn negative after jobs dataOct 2 U.S. stock index futures turned negative on Friday after data showed a less-than-expected rise in non-farm payrolls in September, raising doubts that the economy is strong enough to allow the Federal Reserve to raise interest rates this year.
Non-farm payrolls increased by 142,000, compared with 136,000 in August and below the 203,000 that economists polled by Reuters had expected. August figures were also revised sharply lower.
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U.S. political pundits' careers began with paper routes, stocking shelves
Turn on your TV set and who do you see?
These days, it is very likely a political pundit, weighing in on the 2016 presidential campaign. They have become stars in their own right.
But they were not always famous. We asked James Carville, Chris Matthews, Clarence Page and Chuck Todd, a few of the country's leading political experts, about their first jobs.
Read more -
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At his very #firstjob bagging groceries, @chucktodd got Janet Reno fresh milk http://t.co/w1hAXhS2Hj @meetthepress http://t.co/Mg3165G7vj
7:45 AM - 02 Oct 2015- Reply
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Tens of thousands expected to rally to demand Hong Kong leader steps down
HONG KONG Tens of thousands are expected to take to the streets in Hong Kong on Sunday to demand the city's leader steps down, a day after she suspended an extradition bill following the most violent protests in decades.