US jobs report delivers mixed signals; Fed likely to remain hawkish, says ING Group

Core Insights - The US job growth for September exceeded expectations, indicating a robust labor market [1] - Despite the job growth, the unemployment rate increased as more individuals entered the labor market in search of employment [1] Job Growth - The increase in jobs for September was stronger than anticipated, suggesting positive economic momentum [1] Unemployment Rate - The unemployment rate rose, reflecting a higher number of workers actively seeking jobs [1]