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Moderate U.S. job growth expected in September

October 04, 2019 / Lucia Mutikani

U.S. job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid lingering trade tensions. The Labor Department’s closely watched monthly employment report on Friday will come on the heels of a string of weak economic reports, including a plunge in manufacturing activity to a more than 10-year low in September and a sharp slowdown in services industry growth to levels last seen in 2016.