US PAYROLLS MISS BADLY AS WAGES STAY HOT

U.S. employers added just 29,000 jobs in September, far short of forecasts, after the Bureau of Labor Statistics cut July and August payrolls by a combined 60,000. Yet average hourly earnings still rose 3.0% year-over-year, well above the Fed's 2% inflation target. The mix leaves $TLT caught between a labor market that's cooling and wages that refuse to cool with it.