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The Economic Times
The Economic Times
National
Piyush Shukla

U.S. hiring stalls at 29,000, yet Dow, S&P 500 and Nasdaq surge: Why Wall Street welcomed September’s weak jobs report

September jobs report today: The US economy added only 29,000 nonfarm jobs in September, according to the Labor Department. Economists had expected a gain of about 90,000. The unemployment rate also moved up to 4.2% from 4.1%.

Payroll growth for July and August was cut by a combined 60,000 jobs . August's gain was revised to 133,000, while July was revised to a 10,000-job decline .

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