September Jobs Report

#Jobs — Higher than expected, although August went negative and UE ticks up

Gain of +119,000 non-farm payroll jobs, vs. expected gain of 50K
Unemployment up by 0.1 at 4.4%
U6 unemployment 8.0%, down by 0.1
Labor force participation up 0.1 to 62.4%
Average hourly earnings up by 0.2%; +3.8% Y/Y

July jobs revised down by -7K to +72K
August jobs revised down by -26K to -4K