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Solid US jobs growth not enough to assure Fed rate hike

As job seekers returned from the sidelines, the unemployment rate nudged upwards a tenth of a point to 5.0 percent, with 7.9 million people counted as unemployedThe US September employment numbers released Friday confirmed that US labor markets remain healthy, with wages rising and new entrants joining the job hunt. Closely watched Labor Department figures showed the US economy added 156,000 jobs in September, slower than the average of 210,000 in the two previous months. As job seekers returned from the sidelines, the unemployment rate nudged upwards a tenth of a point to 5.0 percent, with 7.9 million people counted as unemployed.

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