Delayed Jobs Report Is Strong
Fed gets little clarity on state of economy as unemployment rate hits 4-year high
The U.S. labor market defied expectations in September, adding 119,000 jobs according to a report delayed nearly seven weeks by the government shutdown. At the same time, the unemployment rate rose slightly to 4.4%, the highest level in four years.
The Labor Department report leaves an already divided Federal Reserve with stale and somewhat inconclusive government data as the central bank heads into its next meeting in December.
The September numbers were eagerly...
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