American employers created fewer jobs in September than forecast, raising expectations that the US Federal Reserve will keep pumping money into the world’s largest economy at the same rate for several months yet.
Stock markets rose on Tuesday as investors bet that the central bank would keep on buying bonds at the rate of $85bn a month until next year, and potentially even increase that figure to help fuel America’s still-fragile economic recovery.
America added 148,000 jobs in September, according to delayed figures from the US Labour Department – far short of analysts’ forecasts of 180,000 jobs, and the 193,000 extra jobs created in August. The increase was also well below the average increase of 181,000 jobs a month which America has seen since the start of the year.
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