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Payrolls in U.S. Rise 156,000 as More Americans Go Back to Work
Employers continued to add to payrolls in September as people streamed into the workforce and most found jobs amid record openings, indicating the U.S. labor market is settling into a pace that will support the economy. The 156,000 increase followed a 167,000 rise in August that was more than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 172,000 advance. The jobless rate rose to 5 percent as the labor participation rate ticked up. While payroll additions have slowed from last year, they’re still above what economists ... (full story)
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