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US Economy Adds Far Fewer Jobs Than Expected in September

US nonfarm payrolls rose by only 29,000 in September, significantly missing the forecast of 84,000. The unemployment rate increased to 4.2% from 4.1%. The August payroll figure was revised down by 29,000 to 133,000.

1%. Economists had expected payrolls to rise by 84,000 last month and the unemployment rate to be unchanged. The August reading was revised down by 29,000 to show 133,000 jobs were added, versus the 162…