The September Jobs Report Does Not Support A Fed Rate Hike

September 5, 2015 8:16 AM

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The September Jobs Report Does Not Support A Fed Rate Hike

The September jobs report aka the "Employment Situation News Release" came out today, 4 September 2015. It has been hyped relentlessly for at least the past six months as the last key piece of data before the Fed Meeting of 15/16 September 2015 at which many market participants expect the first Fed rate hike in nine years.

The headline number was that total nonfarm payroll employment increased by 173k jobs added, with the Unemployment Rate falling to 5.1%. Upon the release of the data, the market immediately sold off, though in a moderate fashion. This apparently - and I hesitate to put blanket "reasons" underneath ma...

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