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The Federal Reserve raised rates in September to fight an energy-driven inflation spike, betting the labor market could handle the pressure. September's jobs report suggests that bet may have been wrong.
US Treasury yields lost ground on Friday after the nonfarm payrolls report showed that the economy added fewer-than-expected jobs in September. The US economy added 29,000 jobs in September compared with expectations for 90,000, according to the Labor Department's closely watched employment report. It reported a…
<p class="tr-advisory">Updates with US market open</p><p class="tr-story-p1"><span class="tr-dateline">NEW YORK, Oct 2 (Reuters)</span><span class="tr-dl-sep"> - </span>US job growth slowed more than expected in September, fueling a bounce in stocks and bonds and a further retreat in market expectations for a Federal…