US non farm payrolls jumped in September, and the job market recovery appears to be back on track

Jay Soloff

Argonath Financial

US non farm payrolls jumped in September, and the job market recovery appears to be back on track. While many figured the August number was an anomaly, it was still nice to see both the large increase in September (248,000 jobs added) as well as a robust August revision (134,000 revised up to 175,000). The September number was also a fair clip higher than the median projections of 208,000. The headline unemployment rate dropped to 5.9% from last month's 6.1%. In addition, the annual increase in jobs added ticked higher and continues to hover above 2%. Given all the positive jobs data this past week, it's safe to say the American job market is still in reasonable-improvement territory. (VIEW LINK)


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Argonath Financial

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