US hiring slowed sharply last
month and previous job gains were revised lower amid a broad
slowdown in the global economy. The Labor Department said
employers added just 142,000 jobs in September as manufacturers
and oil drillers shed workers. Hiring in July and August was
revised lower by 59,000. The unemployment rate remained 5.1
percent, but only because more Americans stopped looking for
work. The proportion of Americans working or searching for jobs
fell to a new 38-year low.
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