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US Futures are Lower Following the Release of September's Non-Farm Payroll Data

US Futures are lower following the release of September’s non-farm payroll data. September payrolls dropped by 33K, below the expectations of an increase of 80K.  The hurricanes had a significant impact on these numbers so too much weight shouldn’t be placed on this one month of data.  July and August non-farm payrolls were also revised lower by a combined 55K.  Rates rose across the board on the higher than expected rise in average hourly earnings of 0.5%, above the consensus of 0.3%.  Speculation that the Fed will raise rates in December gained traction.  The unemployment rate fell to 4.2% from 4.4%.  European shares were mostly unchanged as the markets absorb the US data and currency fluctuations.  Asian markets closed higher on signs of global economic strength.

US Futures are Higher as Volatility Remains Low
US Futures are Trading Higher as Economic Data was...