Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

US Companies Add Just 166,000 Jobs In September

Friday, October 4, 2013 - 7:44 AM
U.S. businesses added just 166,000 jobs in September, only slightly more than the previous two months. The lack of improvement in hiring, along with the threat of a prolonged government shutdown, could help persuade the Federal Reserve to delay scaling back its stimulus.

“The taper is off the table for October, that is a silver lining for the market,” Phil Orlando, New York-based chief equity strategist at Federated Investors, said in a phone interview. His firm manages about $380 billion in assets. “Given the fact that there is no jobs data and given the fact that we have triggered the potential breach of the debt ceiling, in my opinion there is zero chance that the Fed is going to commence the taper at the Oct. 29-30 FOMC meeting.”
ShorebreakShorebreak2,699 posts since
Apr 6, 2010
Rep Points: 14,632