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US Economists Caution Against Overreaction To Sept Jobs Report
While the sharp fall in the U.S. unemployment rate in September is welcome news, economists are warning against reading too much into one month's data, stressing that more progress will need to be seen, particularly by the Federal Reserve. The U.S. economy added 114,000 more jobs in September, and payrolls in the prior two months were revised up 86,000 -- August to +142,000 from +96,000 and July +181,000 from +141,000. Private payrolls rose 104,000 in September. In the Household survey, the unemployment rate fell to 7.8% in September, its lowest level since January 2009, as 873,000 more people were hired, which was ... (full story)
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