00:00It's Benzinga bringing Wall Street to Main Street
00:02U.S. job growth slowed more than expected in September, with non-farm payrolls increasing
00:06by 29,000 compared with forecasts for a 90,000 gain, according to Reuters.
00:11August payroll growth was revised down to 133,000, while July was revised to a loss of
00:1710,000 jobs.
00:18The unemployment rate rose to 4.2 percent from 4.1 percent as more people entered the
00:23workforce.
00:23Wage growth also cooled, with average hourly earnings rising 0.1 percent for a 3.0 percent
00:30annual increase.
00:32Economists described the labor market as remaining in a low-hire, low-fire state.
00:36Markets put the odds of an October Federal Reserve rate hike at about 23 percent, while economists
00:41continued to expect another increase in December.
00:44For all things money, visit Benzinga.com.
