Jobs
US Jobs Data Show Broad Cooling After Run of Surprise Strength
- October payrolls rose 150,000, led by health care, government
- Unemployment rate unexpectedly climbed to almost two-year high
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US job growth slowed by more than expected and the unemployment rate rose to an almost two-year high of 3.9%, indicating that employers’ strong demand for workers is beginning to cool.
Nonfarm payrolls increased 150,000 in October following downward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. Monthly wage growth slowed.