Call the Fed... that quarter-point rate cut might not be enough. That appeared to be the case Friday, as the Labor Department reported that non-farm jobs increased by just 69,000 last month, a steep drop from the 309,000 created in August. It was the weakest job-creation figure since January 1996, when blizzards ground much of the US economy to a halt, and helped push the unemployment rate up from 4.5 to 4.6 percent.
Slowing Economy
Call the Fed... that quarter-point rate cut might not be enough. That appeared to be the case Friday, as the Labor Department reported that non-farm jobs increased by just 69,000 last month, a steep drop from the 309,000 created in August. It was the weakest job-creation figure since January 1996, when blizzards ground much of the US economy to a halt, and helped push the unemployment rate up from 4.5 to 4.6 percent.
