US non-farm payrolls rose only 142k in September

US non-farm payrolls rose only 142k in September, compared to 201k expected and resulting in reactions in most asset class markets. Back revisions were negative, August from 173k to 136k, and July from 245k to 223k. Hours worked dropped 0.2%, hourly earnings were flat, and the participation rate fell to a 38 year low. 

Overall, a disappointing report which will probably keep the Fed on hold later this month. Fed moderate Bullard said it's only one report and the economy was improving, affirming his desire to see a rate increase by early next year. VC Fischer stuck to macroprudential policy in his speech.