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US employers add 29,000 jobs in September, unemployment rises to 4.2%

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Summary

U.S. employers added 29,000 jobs in September, below expectations, while the unemployment rate rose to 4.2%, the Bureau of Labor Statistics reported Friday. Job gains for July and August were revised down by a combined 60,000. The weaker-than-expected report has increased market expectations that the Federal Reserve will skip an interest rate increase at its late-October meeting.

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