'Job growth remains on its slowing trend even as labor markets continue to get tighter. While wages dropped slightly, finding qualified workers is likely to get more difficult,' Gad Levanon wrote.
The U.S. jobless rate fell to a 50-year low of 3.5 percent in September while employers added 136,000 jobs, according to Labor Department figures released Friday morning. Private payrolls grew by 114,000 employees last month, less than the 122,000 increase in August.had predicted that 145,000 positions would be added to the economy but also forecast that the unemployment rate would be higher, at 3.
Although job growth fell below expectations, the figures eased concerns about a looming recession that had been fueled by concerning economic reports earlier in the week.
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