U.S. job growth stumbles, raising doubts on economy

October 2, 2015 3:57 PM

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WASHINGTON U.S. employers slammed the brakes on hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.

Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added that month, the Labor Department said on Friday.

Also read: Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

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