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September Labor report disappoints; GSK sales hit by bribery probe; Cities defend carrier merger; Spain out of recession; SEC to okay crowdfunded IPOs

Jobs: September Labor report disappoints

The latest jobs numbers came out this week, and they’re “discouraging,” said Catherine Rampell in The New York Times. The Labor Department’s monthly jobs report showed just 148,000 new jobs in September. The numbers reflect the period just before last month’s federal government shutdown, which delayed the report’s release and “is expected to weigh on growth” when October’s report is released. While unemployment fell from 7.3 to 7.2 percent—thanks to new jobs in construction, wholesale trade, transportation, and warehousing—the change “was not statistically significant.” And workers’ participation rate in the labor force and average workweek length stayed flat.

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