Wells Fargo Weekly Economic & Financial Commentary – October 2, 2015

Consumer Sector Still a Bright Spot in Q3

• Nonfarm payrolls disappointed with 142,000 jobs added in September, while the unemployment rate remained stable at 5.1 percent.  ·

• Personal income rose 0.3 percent in August, while personal spending edged higher 0.4 percent, signaling solid growth in the consumer sector in Q3. ·

• Construction spending continued to pick up momentum in August, rising 0.7 percent for the month after posting a  0.4 percent rise in July. ·

• The ISM manufacturing index slid again in September to 50.2.

Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for October 2, 2015.