The increase in new jobs in September slowed to a 17-month low of 263,000 due to ongoing labor shortages and waning demand for new workers as talk of recession grows, but it was still too strong for a Federal Reserve bent on slowing the economy and tackling high inflation.
Treasury yields rose Friday after the U.S. September payrolls report showed a surprise decline in unemployment as well as growth in wages, making a pivot in Fed policy less likely.