The United States Non-Farm Payrolls came in with 263K added jobs in September of this year, above the market forecast of 250k while the lowest of this Year.

February was the highest read with about 714k added jobs. Most jobs were added in leisure and hospitality (83K) and in health care (60K). Also to be noted are professional and business services with 46K and manufacturing with 22K.

The Government Payrolls in the United States decreased by 25 thousand in September, while the Manufacturing sector added about 22k jobs, lower than previously.

We can read  439K as an average while the economy seemingly is pressured by the higher interest rates and soaring prices.

However, the numbers point to a tight labor market with job gains above the monthly average as the US unemployment rate fell to 3.5 percent in September.

US equity markets were quite pressured by the data as the E-mini S&P 500 fell about 2.1% followed by the Nasdaq with a drop of 3% while the Dow Jones fell 1.7% in the New York trading session. The three main indexes might establish a balanced price range on the daily interval.

Investors were hoping for a slower pace of tightening by the Fed while the data pointed to a tight labor market. The unemployment rate points to a growing economy which might cause prices to rise by the higher demand due to the Years of economic stimulus, hence central banks seemingly keep up hiking interest rate to combat the inflationary pressured prices.

The 10-Year T-Note Futures were down by about 0.3% while seemingly bouncing back from the lows as any weakening in the dollar might drive investors into the Notes.

The monthly interval of the Dow Futures contract trades up by about 2.5% while the market bounced back half of the gains by selling around the decade’s developing VWAP, initiated by the jobs data. Traders with core short positions might target the decade’s lower value extreme around $26.000, depending on the further data stream. Supportive buyers might emerge around $27.645.

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