U.S. job market slowed but not 'breaking': Moody's Analytics' Zandi

Politics Reuters

The U.S. job market has lost some steam but it has not yet broken, Mark Zandi, chief economist of Moody's Analytics, said on Wednesday.

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"It's clear that the job market has slowed... but it's not breaking," Zandi said.

U.S. private-sector employers added 130,000 jobs in October, lower than economists' expectations of 150,000 for the month, according to a report by payrolls processor ADP and Moody's Analytics.

(Reporting by Luciana Lopez Editing by W Simon)