Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.The unemployment rate was 3.5% versus the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000.
"Depending on your view of optimism vs. pessimism, on the economy, there's a little bit of something for everyone in this report," said Liz Ann Sonders, chief investment strategist at Charles Schwab. "Obviously, the market is not happy, but the market is not happy in general these days."while government bond yields rose. Investors were looking at the numbers for an indication of how the Federal Reserve will react as it tries to tamp down inflation.
Rick get your numbers right
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