Strong Jobs, Higher Unemployment: A Confusing Print

[johnblockbuster]

The long-delayed September U.S. jobs report came in hot: NFP +119K vs. 50K expected, plus lower-than-expected jobless claims.
Yet unemployment rose to 4.4%, and prior months were revised down by 33K, adding to the confusion.
Analysts say the mix signals resilience—but also inconsistency—as the economy absorbs high borrowing costs.

[Nahid Hossen]

Mixed signals usually point to a deeper structural shift in the economy. ️

[Abdul Khan]

Good jobs + rising unemployment = a market that’s not telling the full story.