News Alert: Jobs report shows economy slowing; unemployment rate still 5.1%

BREAKING NEWS
Friday October 2, 2015
A man talks on a mobile phone while passing a store on 34th Street in New York, U.S., on Saturday, Sept. 21, 2015. Consumer confidence rebounded last week by the most in three months as Americans grew more upbeat about the economy, their finances and the buying climate. Photographer: John Taggart/Bloomberg via Getty Images
Bloomberg via Getty Images

WASHINGTON, Oct 2 (Reuters) - U.S. employers slammed the brakes on hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.

Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added in August, the Labor Department said on Friday.


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