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Job Growth Slows While Unemployment Rate Dips to 3.5%

Overview

  • U.S. job growth slowed to 336,000 in September but still exceeded economists' expectations.
  • The unemployment rate dropped to 3.5%, matching a 50-year low.
  • Hiring remains resilient despite rising interest rates and economic uncertainty.
  • Stocks are mixed as investors digest the latest jobs data and await further cues from the Fed.
  • Some sectors like tech and crypto remain under pressure, but small-caps offer pockets of opportunity.