Job growth slumps in September, but unemployment rate hits lowest level since 1969

  • US 10-year yield jumps to a fresh 7-year high after the unemployment rate falls to lowest in 49 years
  • Job creation for September falls to its lowest level in a year, but the unemployment rate drops to a level not seen since December 1969.
  • Closely-watched average hourly earnings rose 8 cents or 0.3% over the month, matching August's gain.
  • The yield on the benchmark 10-year Treasury note returns to levels not seen since May 2011 following the release. Yields were 3.233% immediately following the jobs report.

Source: CNBC