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Oluwadamilare01
Damn, the nonfarm payrolls tonight just exploded!
September added only 29,000 jobs, market expected 90,000, more than three times the difference.
The previous value was also revised down from 162,000.
Unemployment rate rose to 4.2%,
higher than expected, and wage growth also dropped to 3%.
All four data points missed expectations, the damn job market is really cooling off.
Job openings in August also decreased,
demand side continues to contract.
Rate cuts are now certain, hold onto BTC tonight
