US Sept. nonfarm payrolls rise 119K, beating forecasts

The U.S. Department of Labor announced that nonfarm payrolls increased by 119,000 in September, significantly exceeding market expectations of 53,000. The unemployment rate came in at 4.4%, slightly above the forecast of 4.3%. Meanwhile, the U.S. Bureau of Labor Statistics has opted not to publish its October report, and the release of the November report has been delayed until Dec. 16. As a result, the September jobs data is the final nonfarm payroll report that will be available before the Federal Open Market Committee (FOMC) meeting on Dec. 11.