US Jobs Report Eases Fed Hike Worries
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The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs. Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists. The unemployment rate rose to 4.2%, partly reflecting a growing workforce.
On today's episode:
- Mike McKee, Bloomberg News & Kathy Bostjancic, Chief Economist at Nationwide
- Nathan Dean, Senior US Policy Analyst for Bloomberg Intelligence
- Michael Lohan, CEO of IDA Ireland
- Yannick Benjamin, Founder of Wine on Wheels
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