US STOCKS-Wall St slips as jobs data arouses growth concerns
* Sept nonfarm payrolls up by 142,000 vs 203,000 expected
* Unemployment rate unchanged at 5.1 pct
* Banks fall as chance of rate hike this year recedes
* Indexes down: Dow 0.62 pct, S&P 0.61 pct, Nasdaq 0.42 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
Oct 2 (Reuters) - U.S. stocks were weaker but well of their lows on Friday morning as a disappointing jobs report raised doubts about the strength of the labor market and whether the economy was robust enough for an interest rate hike.
Nonfarm payrolls rose by 142,000, below the 203,000 that economists had expected, and August and July figures were revised lower. The jobless rate held steady at 5.1 percent but average hourly wages fell by a cent from August.
With job growth slowing for the last three months, economists said the Federal Reserve was now unlikely to raise interest rates this year.
The report, the last before the Fed's meeting at the end of October, appeared to belie Fed Chair Janet Yellen's comment last week that the U.S. economy was strong enough to withstand a rate hike this year. Continuación...