There is nothing good about the US jobs data. It was simply dreadful. Every metric disappointed, and the August series which so often experiences upward revisions, came in lower. This will raise fresh doubts about the US economy and the ability of the Federal Reserve to raise rates, not just this month, but this year.
Nonfarm payrolls rose by 142k, well below expectations for a 200k increase. With the downward revision in August to 136k, it is the second consecutive month below 150k, a trend not experienced since May-June 2012.