Delayed job report shows 119,000 jobs added
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The closely followed report was originally scheduled for release on Oct. 3, but it was shelved by the government shutdown.
14hon MSN
Labor secretary hails delayed September jobs report as ‘solid' news for the American people
September jobs report surprises with 119,000 new positions added, more than double economists' forecasts, as government shutdown delayed crucial economic data release.
The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an ambiguous picture for Federal Reserve officials mulling whether further interest rate cuts are needed to bolster the labor market.
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.