Job growth in Sept slows, clouds case for Fed rate hike
Washington
US employment growth unexpectedly slowed for the third straight month in September, which could make the Federal Reserve more cautious about raising interest rates.
Non-farm payrolls rose 156,000, down from a revised gain of 167,000 jobs in August, the Labor Department said on Friday.
Economists polled by Reuters had expected employers to add 175,000 jobs last month.
Fed chair Janet Yellen has said the economy needs to create less than 100,000 jobs a month to keep up with popula…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill
Fed survey cites inflation, US election as key financial stability risks