Jobs Report Eases Inflation Fears

Stocks Rise Near Record Highs As Cooling Job Growth Eases Inflation Worries

The US added fewer jobs than expected in September, with a 29,000 increase in nonfarm payrolls and a slowdown in wage growth, according to the Bureau of Labor Statistics. This missed all estimates in a Bloomberg survey of economists. The unemployment rate rose to 4.2%, partly due to a growing workforce. This indicates caution among employers due to rising costs.

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