Delayed job report shows 119,000 jobs added
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The closely followed report was originally scheduled for release on Oct. 3, but it was shelved by the government shutdown.
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
The September job report doesn’t settle the debate over whether the Fed should cut rates in December, according to Roger Ferguson, the former Fed vice chair. “Anyone can look at this and find what they want,
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Labor secretary hails delayed September jobs report as ‘solid' news for the American people
September jobs report surprises with 119,000 new positions added, more than double economists' forecasts, as government shutdown delayed crucial economic data release.
The September jobs report, delayed due to the government shutdown, showed the food services sector added more than 36,000 jobs for the month, more than any sector besides health care.
Follow MarketWatch's live coverage of the jobs report for September and weekly jobless claims delayed by the longest U.S. government shutdown in history.
September jobs report reveals U.S. labor market losing steam with employment figures revised down by 33,000 for July and August, signaling economic concerns.