‘Constrained, but enough for Fed tapering’: What economists are saying about the slowdown in job growth in September

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Initial reactions from analysts and economists to the weaker-than-expected September jobs report.

The September jobs report released Friday showed the U.S. economy had the smallest gain in jobs of the year, adding a fewer-than-anticipated 194,000 jobs, while the unemployment rate dropped to 4.8% from 5.1%.

Economists surveyed by the Wall Street Journal had expected a gain of 500,000 jobs. The unemployment rate was forecast to slip to 5.1%. Below are initial reactions from analysts and economists, as U.S. stocks SPX, +0.03% DJIA, +0.06% traded mostly lower in the wake of the data on nonfarm payrolls.

 

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