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Jobs Report Beats Expectations UNEMPLOYMENT RATE FALLS TO 5.9%

According to the latest employment report from the BLS, nonfarm payrolls grew by 248,000 in September.

The unemployment rate also fell to 5.9% from 6.1%, the first time the unemployment rate has been below 6% in more than six years.

Expectations were for a gain of 215,000 with the unemployment rate expected to remain at 6.1%.

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