The subdued September jobs report ensures the Federal Reserve won’t be raising short-term interest rates at its November policy meeting, a week before the U.S. presidential election, and creates a new thread of uncertainty about its action in mid-December. The report—marked by a slight uptick in the unemployment rate to 5%—largely fit the narrative Fed Chairwoman Janet Yellen laid out for the labor market after the central bank’s...

Source: Wall Street Journal October 07, 2016 13:26 UTC