A dicey jobs print for the Fed

This morning's US data release shows the employment rate is the lowest it's been since 2008, despite another 148,000 jobs created in September. It's easy to see why monetary policy will remain loose.

The US economy was still generating jobs in September, although the rate of job creation remains moderate. That said, the unemployment rate continues to fall and at 7.2 per cent, is at its lowest level since November 2008.

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