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Benzinga
Benzinga
Business
Piero Cingari

September Jobs Spike Threatens Fed Cut, But Wall Street Still Jumps

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The U.S. labor market posted an unexpectedly strong rebound in September, reviving growth optimism and casting fresh uncertainty over whether the Federal Reserve will deliver another rate cut in December.

Non-farm payrolls jumped by 119,000 in September, according to the official labor report released Thursday after a six-week delay due to the government shutdown.

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