The global investment firm estimated that U.S. employers added just 17,000 jobs last month, far below the 54,000 expected in the nonfarm payrolls report, which had been scheduled for release last week. The firm's internal indicators showed GDP growth running at a 2.7% annualized pace in September, a 3.8% drop in energy prices, and a 3.3% increase in prices for services, excluding shelter.
"If you look solely at implied payroll employment growth, you'd think this was an economy on the cusp of recession or that has already fallen into recession," Jason Thomas, head of global research and investment strategy at Carlyle, told Reuters.
