US payrolls increased by only 29,000 jobs in September, falling well short of the 90,000 jobs forecast, according to FX Street. Additionally, payroll figures for July and August were revised downward by a combined 60,000 jobs, highlighting a slowdown in labor market momentum.
The unemployment rate edged up to 4.2%, while hourly wages grew 3.0% year-over-year, slightly below the 3.2% expected. These figures suggest softer labor market conditions amid ongoing economic uncertainties, as reported by FX Street.
Following the data release, the Dollar Index fell below the 102.00 level. For Japanese investors, the US labor data could influence USD/JPY movements and broader risk sentiment in FX and equities markets.