#USJobsData U.S. Jobs Data Shows Strength, But Unemployment Edges Higher

The Bureau of Labor Statistics reported that the U.S. economy added 119,000 jobs in September, beating expectations of 50,000. However, the unemployment rate rose to 4.4%, slightly above forecasts, signaling mild labor-market softening.

The report, delayed due to the government shutdown, had limited market impact. Investors had already reduced expectations for a December rate cut, and the data did little to change that view.

Bitcoin held near $91,900, while U.S. equity futures moved higher, supported more by strong corporate earnings than by labor data.

Bottom line: Hiring remains resilient, unemployment is ticking up, and Fed policy expectations remain largely unchanged