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'Labor market is too hot for the Fed': Economists react to September jobs report

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The September job report shows the labor market is 'too hot' for the Fed, economists said Friday. Look for another supersized interest rate hike in November.

The September jobs report on Friday showed the U.S. economy gained 263,000 jobs last month, with the unemployment rate falling to 3.55 to 3.7%.

Economists polled by the Wall Street Journal had expected an addition of 275,000 jobs and unemployment staying at 3.7%. Below are some initial reactions from economists and other analysts as U.S.... The September jobs report on Friday showed the U.S. economy gained 263,000 jobs last month, with the unemployment rate falling to 3.55 to 3.7%.

Economists polled by the Wall Street Journal had expected an addition of 275,000 jobs and unemployment staying at 3.7%. Below are some initial reactions from economists and other analysts as U.S. stocks DJIA SPX sank after the data on nonfarm payrolls. Treasury prices declined and the yield on the 10-year Treasury note TMUBMUSD10Y rose to 3.88%.

 

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