U.S. Job Growth Slowing Gradually
Adds 263,000 jobs in September; unemployment rate dips to 3.5%
Adds 263,000 jobs in September; unemployment rate dips to 3.5%
Job growth slowed to 315,000, but likely not enough to keep the Fed from raising rates later this month.
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With upward revisions for May & June as well, there's no sign the jobs market is slowing.
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Economists say numbers appear to support Fed's efforts to tighten the economy.
The bank reported a first-quarter drop in net income that was the largest it had seen since 2003 and was largely driven by lower refinancing activity.