A.M. Update – Payrolls Beats Even Wall Street’s Highest Estimate

Payrolls does it again with a massive beat of consensus. Nonfarm payrolls increased by 254,000 in September (consensus 150,000) following a revised increase of 159,000 in August (from 142,000). That’s the biggest increase since March and a beat of even the highest Wall Street estimate of 220k. Nonfarm private payrolls rose by 223,000 in September…