You are here: Home » International » News » Economy
Business Standard

US job growth slows, clouds case for Fed rate hike

Nonfarm payrolls rose 156,000, down from a revised gain of 167,000 jobs in August, the Labor Department said on Friday

Topics
Us Economy

Reuters  |  Washington 

US employment growth unexpectedly slowed for the third straight month in September, which could make the Federal Reserve more cautious about raising interest rates. Nonfarm payrolls rose 156,000, down from a revised gain of 167,000 jobs in August, the Labor Department said on Friday. Economists polled by Reuters had expected employers to add 175,000 jobs last month. Fed Chair Janet Yellen has said the economy needs to create less than 100,000 jobs a month to keep up with population growth. Average monthly job gains have been about 180,000 this year, which Yellen has described as ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, October 07 2016. 18:02 IST
RECOMMENDED FOR YOU