Business
Jobs report shows fewer hires as recovery loses momentum – CNBC
The unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election.
Nonfarm payrolls rose by a lower than expected 661,000 in September and the unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election.
Economists surveyed by Dow Jones had been expecting a payrolls gain of 800,000 and the unemployment rate to fall to 8.2% from 8.4% in August. The payrolls miss was due largely to a drop in government hiring as at-home schooling continued and Census jobs fell.
“The issue is momentum, and I think we’re losi…
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