According to newly released numbers Friday, U.S. employment growth slowed for the third straight month in September and the jobless rate rose: signs that might make the Federal Reserve more cautious about raising interest rates. According to the Labor Department, nonfarm payrolls rose 156,000, which is down from a gain of 167,000 jobs in August, while the unemployment rate rose a tenth of a percentage point to 5.0 percent as more Americans rejoin the labor force. Analysts say that the data suggests the U.S. economy is on firm ground, but not growing quickly enough to knock the Fed off its game plan of raising borrowing costs.
http://feeds.reuters.com/~r/reuters/topNews/~3/9xvs4R8pBr4/us-usa-economy-idUSKCN1270BP
This video was produced by YT Wochit Business using http://wochit.com
Follow Us!