Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of...
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The original was posted on /r/Superstonk by /u/BetterBudget on 2024-10-04 12:41:45+00:00.

Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction.

Jobs report:

JP Morgan notes:

  • Above 200,000 jobs added: $SPX trades flat or as much as 0.5% higher
  • Between 160,000 to 200,000 jobs added: $SPX gains between 1% and 1.5%
  • Between 140,000 to 160,000 jobs added: $SPX rises by 0.75% to 1.25%
  • Between 110,000 to 140,000 jobs added: $SPX sliding between 0.5% and 1.5%
  • Fewer than 110,000 jobs are added: $SPX falls 1.25% to 2%

TLDR: Over 140K jobs added = Bullish Under 140K jobs added = Bearish