Marketwatch:
The numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase.This is the slowest pace of job growth in four months, as businesses grew more cautious about hiring, but employment gains for August and July revised up by a combined 45,000And in a separate survey, the U.S. unemployment rate dropped to 3.5%, the lowest rate since December 1969. The number of unemployed people fell by 275,00 over the month.
Worse:
One dark spot in the report was that the increase in worker pay over the past 12 months fell to 2.9% from 3.2%. Average hourly earnings were little changed in September following an 11-cent gain in August.
I doubt inflation is 2.9% a year.
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