19
Oct
Jobs report: hiring slows but unemployment holds at 4.1%
Employers added 142,000 jobs last month, below the six-month average, while wage growth cooled to an annual 3.6%.
I.Section
Employers added 142,000 jobs last month, below the six-month average, while wage growth cooled to an annual 3.6%.
Builders broke ground on more single-family homes in September, the first sizeable gain since spring, as the average 30-year mortgage rate slipped below 6.2%.
Spending at stores and restaurants rose 0.7% in September, but gains were concentrated among higher-income households.
A softer rate outlook and rising foreign demand for non-US assets have pushed the dollar index to a four-month low.
The IMF raised its world growth projection for next year to 3.2%, but said rising tariffs could erase most of the gain.