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US Jobs Report Weaker Than Expected; UK Economy ‘flirting With Recession’, Economists Say – Business Live

US jobs report weaker than expectedThe US economy added 150,000 jobs in October, fewer than expected, and previous months were revised lower, suggesting the economy is not quite as strong as thought.

Economists had expected 180,000 new jobs. In September, employers hired 297,00 more people, less than the 336,000 previously reported, and in August, there were 165,000 new private sector jobs, revised down from 227,000.

The unemployment rate ticked up to 3.9% from 3.8% in September.

The dollar index, which measures the greenback against a basket of other major currencies, fell to a 10-day low.

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