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Jobs report shows economy, employment market cooling as questions of recession remain

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The September jobs report shows the economy and employment market cooling but remaining steady. The labor market added 263,000 jobs, but that's down from the first half of the year when roughly 400,000 jobs were created a month. Stocks sank on Wall Street as investors feared more interest rate hikes. Economics correspondent Paul Solman reports.

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Category
U.S. & Canada
Tags
federal reserve, inflation, inflation wages
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