U.S. Nonfarm Payrolls Rise 119,000 in September, Exceeding Forecast

U.S. nonfarm payrolls increased by 119,000 in September, exceeding the 50,000 forecast and significantly above August's revised 22,000, Bureau of Labor Statistics data show. The unemployment rate rose to 4.4% from 4.3%, marking the highest level since 2021. U.S. Treasury yields and the dollar index both declined following the release.