Austin Hughes

And as I say, positive, but patchy.

Well, again, patchy and the market isn't sure what to make of them.

Jobs growth was a bit stronger than expected, up 119,000 on the month.

That's also running about 1% on the year, the same as here.

But there were downward revisions to August.

There was job losses in August.

And a lot of the strength in jobs was in areas like government and that which these numbers predate, the slowdown.

The unemployment rate ticked up there to 4.4%.

That's the highest in four years.

And the market is probably of a view that the jobs numbers aren't bad enough to make sure that the Fed cuts in December, but they're not good enough to entirely rule that out.

And in that regard, it's keeping the markets on a bit of a knife edge as to what happens next.

But the economy there, not going off a cliff.

Interestingly, Joe, in terms of that, when you look at the details there, non-Native Americans that had been a very strong element of the jobs growth, foreign-born workers, they're actually down over the last year, thanks to some of Mr. Trump's measures, and native-born American employment is up on the year.

So

contrasting elements across the world in terms of jobs market, but revealing of economies that are still in positive trend, but maybe not doing as well as had been hoped.

Yeah, their now cast for the third quarter is very strong, showing 3.7% increase.

Now, some of the numbers that we've seen since then have been, again, very patchy.

To my mind, I think, actually, when you look at the numbers over the last week or so, export growth, you're likely to see GDP could be as much as 15% higher this year, but the domestic economy not growing quite as strong.

And after these employment numbers,

I think their estimate for the third quarter of 3.7% rise in MDD looks a little bit strong.