Economics
U.S. Payrolls and Wages Miss Estimates in New Sign of Downshift
- Unemployment rate falls to 3.5%, lowest level since 1969
- Slower hiring may boost bets on another Fed interest-rate cut
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U.S. hiring missed projections in September and wage gains cooled, offering a warning that the record-long expansion is poised for further slowing even as the jobless rate fell to a half-century low.