US jobs perfection but inflation resurgent


The US jobs report was perfect for landing pundits. Goldman has more.

Nonfarm payrolls rose 336k in September and were revised 119k higher in the prior months. September job growth was particularly strong in understaffed sectors such as leisure, healthcare, and government.

The household survey was softer, with the unemployment rate unchanged at 3.8% reflecting a 86k gain in household employment offset by a 90k increase in the labor force.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.