[FLASH] September payrolls +29K vs ~+84K consensus, unemployment 4.2%; prior two months revised -60K
The BLS reported nonfarm payrolls rose 29,000 in September against a consensus near 84,000, the unemployment rate ticked up to 4.2%, and July-August were revised down a combined 60,000. CME FedWatch odds of an Oct 28 hike fell to roughly 17% from about 36%, yet the 10-year par yield still closed at 5.28% (+4bp) per Treasury, so the soft-labor and sticky-rates split persists. Watch the Oct 29 PCE release and whether Monday's tape holds the rates-relief bid that lifted AI names to records.