US jobs growth exceeds expectations despite trade wars and global slowdown

Analysis:

This comes despite a now-resolved strike at General Motors, which saw over 40,000 workers temporarily counted as unemployed. The data is encouraging, having come after news that the Federal Reserve had cut its interest rates for a third time this year, is likely to postpone similar cuts in the near future.

Looking forward:

The road ahead is bumpy to say the least. Surveys suggest employers are growing ever more cautious, particularly the manufacturing industry which has stalled in taking on new workers. The elephant in the room remains the US-Chinese trade war, which continues to fuel uncertainty. There have been encouraging signs for a possible breakthrough in negotiations, but as it remains, reduced US exports and large capital investments may soon catch up with the US.

Sources: Sky News