The weak spot in the September jobs data was in the manufacturing sector, and pessimists said they expect the headline number of new jobs added last month to be revised lower.
Still, the balance of opinion on the report was that the US economy continues to defy bearish views as it continues to expand, and at least for now, casts a very positive light on Federal Reserve policymakers and their effort to cool growth and slow inflation, and avert a recession.
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
