Group 1: Employment Data Overview - The U.S. non-farm payrolls for September showed an increase of 119,000 jobs, significantly exceeding the market expectation of 50,000, marking the largest monthly gain since April [1] - The unemployment rate rose to 4.4%, slightly above the previous value of 4.3% and higher than the market expectation of 4.3%, indicating a structural change as more potential workers entered the job market [3] - Average hourly wage growth year-on-year was recorded at 3.8%, surpassing the expected 3.7%, while the month-on-month growth was only 0.2%, below the expected 0.3% [3] Group 2: Sector-Specific Employment Trends - The healthcare sector was a key driver of job growth, adding 43,000 jobs in September, with outpatient care contributing 23,000 and hospitals adding 16,000 [3] - Conversely, several sectors experienced job losses, including a reduction of 3,000 jobs in federal government employment, continuing a trend of workforce downsizing since January [4] - The transportation and warehousing sector saw a decrease of 25,000 jobs, linked to the slowdown in e-commerce growth and supply chain adjustments, while manufacturing lost 6,000 jobs amid ongoing economic recovery challenges [4] Group 3: Market Reactions - Following the data release, spot gold prices initially dropped nearly $20 but later rebounded as the market reacted to dovish signals from wage growth and rising unemployment [4] - Non-U.S. currencies strengthened, with the euro rising 30 points against the dollar and the pound increasing nearly 35 points, while the dollar index faced downward pressure [4] - Traders increased bets on a potential interest rate cut by the Federal Reserve, although the likelihood of a cut in December remains low [4]