U.S. adds 661,000 jobs in September, unemployment falls to 7.9%

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WASHINGTON (MarketWatch) – The economy regained 661,000 jobs in September and the unemployment rate fell for the fifth month in a row to 7.9%, the government said Friday. It’s the smallest advance since a recovery began in May. Economists polled by MarketWatch had predicted an increase of 800,000 jobs. Private-sector payrolls rose by a stronger 877,000, with a decline in government employment reducing the overall number. Hours worked rose 0.1 hour to 34.7 hours. The increase in hiring in August was raised to 1.49 million from 1.37 million. Job gains in July were lifted to 1.76 million from 1.73 million.
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