US September payroll growth slows to 29,000 as unemployment reaches 4.2%
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The Labor Department reported 29,000 nonfarm jobs added in September, well below the 95,000 FactSet forecast.
August payroll growth was revised down to 133,000 from 162,000, while September average hourly earnings rose 0.1% to $37.81 and increased 3% year over year.
September unemployment rose to 4.2%; interest-rate futures put the odds of an October Federal Reserve hike below one in five, while a December increase remained near 90%.
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