According to National Bank of Canada’s analyst Krishen Rangasamy, September’s employment reports were largely positive, and consistent with a still-expanding US economy. Key Quotes: “Those concerned about an imminent U.S. recession should be reassured by September’s employment reports. The household survey had another massive month ─ almost a million net new jobs have been created in just the last two months ─, causing the jobless rate to fall to 3.5%, the lowest in 50 years.” “The more closely watched establishment survey was also better than expected (after considering upward revisions to prior months) showing a 136K increase for non-farm payrolls in September, which is more than enough to absorb new entrants in the labour market.” “While there were job cuts in manufacturing in September, that can’t be surprising amid well-documented factory woes. One blemish from the establishment survey, however, was the decline in wage inflation to the lowest since July last year.” “Year-on-year growth in hourly earnings indeed fell to just 2.9%, something FOMC doves could emphasize to justify another interest rate cut before year end.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD technical analysis: Euro ends the week below the 1.1000 handle FX Street 3 years According to National Bank of Canada's analyst Krishen Rangasamy, September's employment reports were largely positive, and consistent with a still-expanding US economy. Key Quotes: "Those concerned about an imminent U.S. recession should be reassured by September's employment reports. The household survey had another massive month ─ almost a million net new jobs have been created in just the last two months ─, causing the jobless rate to fall to 3.5%, the lowest in 50 years." "The more closely watched establishment survey was also better than expected (after considering upward revisions to prior months) showing a 136K increase for non-farm… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.