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Benzinga
Benzinga
Business
Wayne Duggan

'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off

Recession US Federal Reserve Jobs Report Labor Department Quincy Krosby United States Economy ETF Inflation

The SPDR S&P 500 ETF Trust (NYSE:SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September.

The U.S. added 263,000 jobs in September, beating average economist estimates of 250,000 jobs. The unemployment rate fell 0.2% to 3.5%, below consensus estimates of 3.7%. Wages were up 5% year-over-year and increased 0.3% from August.

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