Payrolls rise less than projected; US jobless rate holds steady
The jobless rate remains unchanged at 5.1%, as employers hesitate to hire new workers
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Washington
PAYROLLS rose less than projected in September, wages stagnated and the jobless rate was unchanged as people left the workforce, signalling the global slowdown and financial-market turmoil are rippling through the world's largest economy.
The addition of 142,000 jobs followed a revised 136,000 gain the prior month that was lower than previously estimated, a Labour Department report showed on Friday in Washington. The median forecast in a Bloomberg survey of 96 economists called for a 201,000 advance. The jobless rate held at 5.1 per cent, and wage growth was unchanged.
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