US economy adds far more jobs than anticipated in September

Investing.com -- US employment growth was far stronger than expected in September, while the jobless rate slowed from the prior month's level, potentially denting bets for another jumbo interest rate reduction by the Federal Reserve at its last two meetings of the year.

The US economy added 254,000 jobs last month, increasing from an upwardly-revised mark of 159,000 in August. Economists had anticipated a reading of 147,000.

(This is a developing story. Please check back later for updates.)

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