September U.S. Payrolls Fall as Economy Worsens

The latest jobs report shows rapidly deteriorating conditions as soaring prices and bank collapses hit consumer and business behavior

The data pointing toward a U.S. recession have been accumulating steadily over the past few weeks, and the release of the dismal September employment report on Oct. 3 has heightened the gloom. Nonfarm payrolls fell by a worse-than-expected 159,000 in September, the ninth consecutive monthly decline. The unemployment rate held at 6.1%.

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