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Tuesday, October 22

22nd Oct - US September employment report

Previously on MoreLiver’s:

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September payroll employment increased +148k, unemployment rate 7.2% – BLS

September Nonfarm Payrolls Miss 148K vs Exp. 180K; Unemployment Rate Drops to 7.2% - ZH
Dismal Jobs Reports Sends S&P To New All-Time High – ZH
US Somehow Adds 691K Full-Time Jobs In September – ZH
Where The September Jobs Were: Truck Drivers, Bureaucrats, Salesmen And Temps – ZH
Goldman: "Weaker Than Expected" Jobs Report Means No Taper Before MarchZH

Highlights from the September Jobs ReportWSJ
Mostly Good News in Drop in Unemployment Rate – WSJ
Don’t Blame Health Law for High Part-Time Employment – WSJ
Economists React: Tone of ‘Dramatic Weakening’ in Labor MarketWSJ
Live From New York! It’s Jobs Tuesday! – WSJ
Five Takeaways From September Jobs ReportWSJ
Jobs Report Keeps Fed on Hold for NowWSJ

Tepid U.S. job growth supports Fed's cautious stance – Reuters
Payrolls in U.S. Rise Less Than Forecast – BB

Unimpressive September US employment report – TradingFloor
What the US jobs data really means – TradingFloor
Jobs Disappoint, Sends Dollar to New Lows for Year vs Euro and Swiss Franc – Marc to Market
September payrolls: +148k, unemployment rate 7.2 per cent – alphaville / FT
Only 148K New Jobs, But Unemployment Rate Drops to 7.2% - dshort
The jobs report was totally blech. And it may get worse. – WaPo
September Employment Growth Slows – Capital Spectator

148,000 Jobs, 7.2% Unemployment Rate – Calculated Risk
Employment Report Comments – Calculated Risk

More too-slow growth, no signs of the expected acceleration – Fabius Maximus

U.S. Employment Situation September 2013 – Global Macro Monitor

Worth The Wait?Tim Duy’s Fed Watch

Incoming data are not exactly consistent with the definition of "stronger and sustainable."  And even if the data shift upward in the next few months, it will take another three months to confirm that it is sustainable.  That pushes any decision on asset purchases out to March at the earliest.