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US Jobs Report Eases Fed Hike Worries
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs. Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists. The unemployment rate rose to 4.2%, partly reflecting a growing workforce. On today's episode: - Mike McKee, Bloomberg News & Kathy Bostjancic, Chief Economist at Nationwide - Nathan Dean, Senior US Policy Analyst for…