The number of new jobs added in the US in September fell short of expectations, and wage growth slowed, indicating that as costs rise, employers tend to be cautious in recruitment. According to data released by the US Bureau of Labor Statistics on Friday, the number of non-farm payrolls increased by 29,000 in September, and the data for the previous two months was revised down. This increase fell short of expectations from all economists in the Bloomberg survey. The unemployment rate rose to 4.2%. Steady consumer spending and strong corporate investment have supported recruitment, yet many employers that focus on cost control are still reluctant to expand their workforce. However, layoffs are still limited. As the unemployment rate remains low at historical levels, Federal Reserve officials can continue to focus on inflation when considering when to raise interest rates again. After the data was released, traders cut their bets on the Federal Reserve's interest rate hike in October. Thomas Simons, chief US economist at Jefferies LLC, said in the report, “For the Federal Reserve, this data should completely eliminate the possibility of an interest rate hike in October. Now it seems that those decision makers who stress that there is still some time until interest rate hikes are needed again are more likely to remain patient.”

The number of new jobs added in the US in September fell short of expectations, and wage growth slowed, indicating that as costs rise, employers tend to be cautious in recruitment. According to data released by the US Bureau of Labor Statistics on Friday, the number of non-farm payrolls increased by 29,000 in September, and the data for the previous two months was revised down. This increase fell short of expectations from all economists in the Bloomberg survey. The unemployment rate rose to 4.2%. Steady consumer spending and strong corporate investment have supported recruitment, yet many employers that focus on cost control are still reluctant to expand their workforce. However, layoffs are still limited. As the unemployment rate remains low at historical levels, Federal Reserve officials can continue to focus on inflation when considering when to raise interest rates again. After the data was released, traders cut their bets on the Federal Reserve's interest rate hike in October. Thomas Simons, chief US economist at Jefferies LLC, said in the report, “For the Federal Reserve, this data should completely eliminate the possibility of an interest rate hike in October. Now it seems that those decision makers who emphasize that there is still some time before interest rate hikes are needed again are more likely to remain patient.”