BusinessOctober 14, 1996

Unemployment in the U.S. edged up slightly in September to 5.2 percent. The weaker-than-expected jobs report sent Wall Street soaring to a record high as investors became convinced the Federal Reserve will not have to raise interest rates. Economists said last week's surprisingly weak jobs report would strengthen the hand of Federal Reserve Board members who have been opposing any hike in interest rates on the grounds that the economy was already slowing on its own...

Unemployment in the U.S. edged up slightly in September to 5.2 percent. The weaker-than-expected jobs report sent Wall Street soaring to a record high as investors became convinced the Federal Reserve will not have to raise interest rates.

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Economists said last week's surprisingly weak jobs report would strengthen the hand of Federal Reserve Board members who have been opposing any hike in interest rates on the grounds that the economy was already slowing on its own.

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