US job growth slowed in October by more than expected and the unemployment rate rose to an almost two-year high of 3.9%, indicating that employers’ strong demand for workers is beginning to cool. Nonfarm payrolls increased 150,000 last month following a downwardly revised 297,000 in September, a Bureau of Labor Statistics report showed Friday. Monthly wage growth slowed. The latest figures suggest some cracks are beginning to form in a jobs market that has been gradually normalizing thanks to an improvement in labor supply over the past year and a tempering of demand for workers. Stock futures and Treasuries rallied ... (full story)