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decades. plus the search for answers continues after a deadly stab ing attack on the iconic las vegas strip. and the justice department reportedly does not think the former president trump has returned all of the documents he took when he left the white house. we begin with another job growth story. it s starting to slow. the government reported this morning that employers created 263,000 new jobs in september. it s in line with expectations. the unemployment rate fell to 3.5%. let s break it down. the hispanic unemployment rate fell last month. it s now at 3.8%. the black unemployment rate is now at 5.8%. and wheal we ll have more to say save about the economy today. wall street, not thrilled with the news. it s down about 500 plus points, as you can see right now, as it means the federal reserve could continue raising interest rates to fight rising prices. as you see it, it s dropping a little more than 500 points at this hour. with us now to talk more about this ....
we want to get to the september jobs report. the unemployment rate dropped to 3.5%. what does this mean for future interest rate hikes? meanwhile, the markets are reacting, the dow down around 400 points and it comes as americans face a convergence of economic pressures from rising prices at the gas pump, rent and mortgage rates up, and inflation burning a hole in our wallets. we could hear from president biden as he heads to maryland. we ll watch to see if he stops to comment on this report. with me now brian cheung, josh letterman, also joins us, host of public radio s full disclosure and politico chief chief correspondent. the biggest jobs gains were in leisure, hospitality, health care. i think the big takeway is that the labor market still appears to be chugging along. americans have options out there. with the unemployment rate a 3.5%, by the way, multidecade lows on that front, you re not seeing the traditional recessionary dynamics in this labor market whe ....