Instant View: U.S. September payrolls lower than expected, jobless rate drops
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As Fed policymakers comb data, few decisive signals on outlook
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U.S. unemployment rate hits 3.5%; job growth moderate

The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.

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