NEW YORK, New York – U.S. stock markets got a shot in the arm Friday with a surging jobs report which saw all major indices rebound sharply.

Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported Friday.

Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance.

The major labor market indicators from the survey of households showed little or no change over the month. The unemployment rate held at 3.8 percent in September, and the number of unemployed persons was essentially unchanged at 6.4 million.

See the full report below.

On U.S. markets the Nasdaq Composite did best rising more than 200 points. Here are the closing quotes for Friday 6 October 2023:

S&P 500 (^GSPC):

The S&P 500, representing a broad cross-section of the U.S. stock market, closed at 4,308.50. The index surged by 50.31 points or 1.18 percent, finishing the trading session on a high note. The total trading volume for the S&P 500 stood at 2.455 billion shares.

Dow Jones Industrial Average (^DJI):

The Dow Jones Industrial Average, a barometer for 30 prominent US companies, closed at 33,407.58. It gained 288.01 points or 0.87 percent, displaying resilience. The total trading volume for the Dow Jones was 330.86 million shares.

NASDAQ Composite (^IXIC):

The tech-heavy NASDAQ Composite continued its impressive run, closing at 13,431.34. It registered an impressive gain of 211.51 points, representing a growth of 1.60 percent. The index continued to outperform, with a total trading volume of 3.601 billion shares.

Friday’s Foreign Exchange Markets Update: U.S. Dollar Loses Steam

In the ever-volatile world of foreign exchange, Friday saw notable movements in major currency pairs with the U.S. dollar coming under pressure despite the positive jobs report which pushed Treasury yields higher.

EUR/USD (Euro / US dollar)

The Euro posted strong gains against the U.S. dollar, climbing by 0.0044 or 0.42 percent to reach an exchange rate of 1.0590 approaching the U.S. close Friday.

USD/JPY (US dollar / Japanese yen)

Going against the trend, the U.S. dollar strengthened its position against the Japanese yen, surging by 0.81 or 0.55 percent. This increase brought the exchange rate to 149.325, reflecting a significant upward movement.

USD/CAD (US dollar / Canadian dollar)

Conversely, the faced a minor setback against the Canadian dollar, losing 0.0039 or 0.29 percent.

GBP/USD (British pound / US dollar)

The British pound showed resilience as it gained 0.0052 or 0.43 percent against the greenback. The exchange rate reached 1.2243 near the close.

USD/CHF (US dollar / Swiss franc)

The Swiss franc rose 0.0027 or 0.30 percent Friday to 0.9095.

AUD/USD (Australian dollar / US dollar)

The Australian dollar demonstrated strength against the dollar, gaining 0.0018 or 0.30 percent.

NZD/USD (New Zealand dollar / US dollar)

Lastly, the New Zealand dollar posted gains against its U.S. counterpart, rising by 0.48 percent or 0.0042 to 0.5994.

Global stocks end week mostly higher

In a tumultuous Friday trading session, global stock markets exhibited a strong performance, with most major indices posting gains. Investors closely monitored the latest economic data and geopolitical developments that influenced trading sentiment, particularly the nonfarm payrolls report out of the United States. Here are the latest world stock market quotes for Friday:

CANADA

S&P/TSX Composite Index (^GSPTSE):

In Canada, the S&P/TSX Composite Index concluded the trading day at 19,246.07. It recorded a gain of 108.26 points, equivalent to a 0.57 percent increase. The total trading volume for the Canadian index reached 170.932 million shares.

UNITED KINGDOM

FTSE 100 (+0.58%) The FTSE 100, representing the UK market, climbed by 43.04 points, closing at 7,494.58, with a gain of 0.58 percent.

EUROPE

DAX PERFORMANCE-INDEX (+1.06%) Germany’s DAX PERFORMANCE-INDEX surged 159.55 points Friday, ending at 15,229.77, marking a significant gain of 1.06 percent.

CAC 40 (+0.88%) France’s CAC 40 index experienced an increase of 61.90 points, closing at 7,060.15, representing a gain of 0.88 percent.

ESTX 50 PR.EUR (+1.09%) The ESTX 50 PR.EUR, covering Eurozone countries, rose by 44.62 points, closing at 4,144.43, with a gain of 1.09 percent.

Euronext 100 Index (+0.77%) The Euronext 100 Index increased by 10.01 points, closing at 1,305.88, marking a gain of 0.77 percent.

BEL 20 (+0.65%) Belgium’s BEL 20 index posted a gain of 22.51 points, closing at 3,490.44, representing an increase of 0.65 percent.

RUSSIA

MOEX Russia Index (-0.19%) The MOEX Russia Index experienced a slight decline Friday, with a loss of 4.14 points, closing at 2,222.51, down 0.19 percent.

ASIA

Nikkei 225 (-0.26%) The Nikkei 225 index in Japan faced a minor setback, declining by 80.69 points to close at 30,994.67, marking a decrease of 0.26 percent.

HANG SENG INDEX (+1.58%) Hong Kong’s HANG SENG INDEX surged by an impressive 272.11 points, closing at 17,485.98, with a notable gain of 1.58 percent.

SSE Composite Index (+0.10%) The SSE Composite Index in Shanghai, China, edged up by 3.16 points, closing at 3,110.48, resulting in a modest gain of 0.10 percent.

Shenzhen Index (+0.05%) China’s Shenzhen Index nudged up 5.23 points Friday, closing at 10,109.53, with a marginal gain of 0.05 percent.

STI Index (+0.61%) Singapore’s STI Index rose by 19.29 points, closing at 3,174.39, with a gain of 0.61 percent.

S&P BSE SENSEX (+0.55%) India’s S&P BSE SENSEX increased by 364.06 points, closing at 65,995.63, with a gain of 0.55 percent.

NIFTY 50 (+0.55%) India’s NIFTY 50 index surged by 107.75 points, closing at 19,653.50, with a notable gain of 0.55 percent.

IDX COMPOSITE (+0.20%) Indonesia’s IDX COMPOSITE index edged up by 13.69 points, closing at 6,888.52, with a gain of 0.20 percent.

FTSE Bursa Malaysia KLCI (+0.09%) The FTSE Bursa Malaysia KLCI index in Malaysia on Friday posted a slight gain of 1.28 points, closing at 1,416.88, up 0.09 percent.

KOSPI Composite Index (+0.21%) South Korea’s KOSPI Composite Index rose by 5.13 points, closing at 2,408.73, with a gain of 0.21 percent.

TSEC weighted index (+0.41%) Taiwan’s TSEC weighted index increased by 67.05 points, closing at 16,520.57, marking a gain of 0.41 percent.

OCEANIA

ALL ORDINARIES (+0.36%) Australia’s ALL ORDINARIES index gained 25.50 points, closing at 7,143.00, marking an increase of 0.36 percent.

S&P/ASX 200 (+0.41%) Australia’s S&P/ASX 200 index rose by 28.70 points Friday, closing at 6,954.20, marking a gain of 0.41 percent.

S&P/NZX 50 INDEX GROSS (-0.20%) New Zealand’s S&P/NZX 50 INDEX GROSS faced a minor setback, declining by 22.07 points, closing at 11,287.03, down 0.20 percent.

AFRICA

Top 40 USD Net TRI Index (+1.27%) The Top 40 USD Net TRI Index, representing South Africa, surged by 45.88 points to close at 3,650.10, with an impressive gain of 1.27 percent.

MIDDLE EAST

Most Middle East markets were closed on Friday with trading to resume on Sunday.

U.S. Bureau of Labor Statistics September 2023 Employment Report (In Full) (Posted 6 October 2023).

Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported Friday.

Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance.

The major labor market indicators from the survey of households showed little or no change over the month. The unemployment rate held at 3.8 percent in September, and the number of unemployed persons was essentially unchanged at 6.4 million.

Among the major worker groups, the unemployment rates for adult men (3.8 percent), adult women (3.1 percent), teenagers (11.6 percent), Whites (3.4 percent), Blacks (5.7 percent), Asians (2.8 percent), and Hispanics (4.6 percent) showed little or no change in September.

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.2 million in September. The long-term unemployed accounted for 19.1 percent of all unemployed persons. Both the labor force participation rate, at 62.8 percent, and the employment-population ratio, at 60.4 percent, were unchanged over the month.

The number of persons employed part time for economic reasons, at 4.1 million, changed little in September. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. In September, the number of persons not in the labor force who currently want a job was 5.5 million, little different from the prior month. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.

Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force changed little at 1.5 million in September. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, also changed little over the month at 367,000. Establishment Survey Data Total nonfarm payroll employment rose by 336,000 in September, above the average monthly gain of 267,000 over the prior 12 months. In September, job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance. Leisure and hospitality added 96,000 jobs in September, above the average monthly gain of 61,000 over the prior 12 months. Employment in food services and drinking places rose by 61,000 over the month and has returned to its pre-pandemic February 2020 level. Accommodation employment continued to trend up over the month (+16,000) but remains below its February 2020 level by 217,000, or 10.3 percent. In September, government employment increased by 73,000, above the average monthly gain of 47,000 over the prior 12 months. Over the month, job gains occurred in state government education (+29,000) and in local government, excluding education (+27,000). Employment in government is slightly below (-9,000) its February 2020 level. Health care added 41,000 jobs in September, compared with the average monthly gain of 53,000 over the prior 12 months.

Over the month, employment continued to trend up in ambulatory health care services (+24,000), hospitals (+8,000), and nursing and residential care facilities (+8,000). Employment in professional, scientific, and technical services increased by 29,000 in September, in line with the average monthly gain of 27,000 over the prior 12 months. Social assistance added 25,000 jobs in September, about the same as the average monthly gain of 23,000 over the prior 12 months. Over the month, job growth occurred in individual and family services (+19,000). In September, employment in transportation and warehousing changed little (+9,000). Truck transportation added 9,000 jobs, following a decline of 25,000 in August that largely reflected a business closure. Air transportation added 5,000 jobs in September. Employment in transportation and warehousing has shown little net change over the year. Employment in information changed little in September (-5,000).

Within the industry, employment in motion picture and sound recording industries continued to trend down (-7,000) and has declined by 45,000 since May, reflecting the impact of labor disputes. Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; retail trade; financial activities; and other services. In September, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents, or 0.2 percent, to $33.88.

Over the past 12 months, average hourly earnings have increased by 4.2 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2 percent, to $29.06. The average workweek for all employees on private nonfarm payrolls was unchanged at 34.4 hours in September. In manufacturing, the average workweek was little changed at 40.1 hours, and overtime was unchanged at 3.1 hours.

The average workweek for production and nonsupervisory employees on private nonfarm payrolls remained at 33.8 hours. The change in total nonfarm payroll employment for July was revised up by 79,000, from +157,000 to +236,000, and the change for August was revised up by 40,000, from +187,000 to +227,000. With these revisions, employment in July and August combined is 119,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)