Federal Reserve Bank of Cleveland President Beth Hammack said the September US employment report was broadly consistent with recent hiring trends, giving the central bank time to assess incoming data before deciding on its next monetary policy move, Reuters reported.
The September report showed a gain of just 29,000 jobs, while the unemployment rate rose to 4.2%. Hammack said the figures were broadly in line with recent labour-market performance, pointing to a period of relative stability in hiring.
