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The U.S. labor market showed strength in September, with private companies adding more jobs than expected, according to the payroll services firm ADP.  Businesses added 208,000 for the month, better than the 200,000 Dow Jones estimate and ahead of the upwardly revised 185,000 in August.  Those gains came even as goods-producing industries reported a loss of 29,000 positions, with manufacturing down 13,000 and natural resources and mining losing 16,000.

Elon Musk sent a proposal to Twitter saying that he is willing to go forward with his acquisition of the company at the original price of $44 billion, according to a letter from Musk’s lawyer filed with the SEC.  The news sent Twitter's shares up as much as 22%.

U.S. job openings fell by the most in nearly 2-1/2 years in August, though staying at high levels as demand for labor remains fairly strong, which could keep the Federal Reserve on its aggressive monetary policy tightening path.  Job openings, a measure of labor demand, dropped 1.1 million to 10.1 million on the last day of August, according to the Labor Department.  August's decline was the largest since April 2020, when the economy was reeling from the first wave of the pandemic.

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