Wall Street slips after September jobs report

From Reuters:  Wall Street was lower on Friday after a weaker-than-expected September jobs report indicated that the U.S. Federal Reserve would be cautious about raising interest rates. U.S. employment growth slowed for the third straight month in September, with employers adding 156,000 jobs, a report by the Labor Department showed. Economists polled by Reuters had expected 175,000. The rate of unemployment climbed to 5 percent from 4.9 percent in August, though the increase was driven by Americans rejoining the labor force. Hourly wages for private sector workers rose 2.6 percent, compared with last year, and were in line with economists’ expectations.

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