Wall Street lower after jobs data keeps rate hike on track

Wall Street lower after jobs data keeps rate hike on track
 

U.S. stocks fell on Friday after weaker-than-expected September jobs report had little effect on the prospects of an interest rate hike by the year end.
U.S. employment growth slowed for the third straight month, with employers adding 156,000 jobs in September. Economists polled by Reuters had expected 175,000.
The rate of unemployment climbed to 5 percent from 4.9 percent in August, though the increase was driven by more Americans rejoining the labor force.
Hourly wages for private sector workers rose 2.6 percent, compared with last year, and were in line with economists' expectations.... read more

 
7 October 2016 in World News, Views: 33
Source: Reuters
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