Financial Review

….134,000 new jobs in September; 3.7% unemployment rate. Wages flat. Variations by geography, race, gender, age, and education. Financial Review by Sinclair Noe for 10-05-2018 DOW – 180 = 26,447 SPX – 16 = 2885 NAS – 91 = 7788 RUT – 14 = 1632 10 Y  + .03 = 3.22% OIL – .04 = 74.29 GOLD + 3.00 = 1203.70   The economy added 134,000 new jobs in September. The unemployment rate dropped to 3.7%, the lowest level since December 1969. The change in total nonfarm payroll employment for July was revised up from +147,000 to +165,000, and the change for August was revised up from +201,000 to +270,000. Employment gains for August and July were revised up by a combined 87,000. And the economy has gained an average of 208,000 jobs each month in 2018.   The 134,000 jobs gained in September was below estimates for about 170,000 to 180,000. And we had encouraging economic reports earlier in the week from ADP showing private payrolls increasing at 230,000 pace, plus the ISM reports showed increases in their employment indexes.