U.S. Employers Add Just 29,000 Jobs in September as Unemployment Rises
Sourced from 7 publications
- •U.S. employers added 29,000 jobs in September, far below the approximately 84,000 forecasters expected, per the Washington Post.
- •Unemployment rose to 4.2% while prior months' job gains were revised down by a combined 60,000, according to NPR.
- •The report has implications for consumer prices and interest rate decisions, with the Fed having raised rates just weeks earlier.
- •Gold futures reversed early gains and turned lower despite the weak payroll figures, per Seeking Alpha.
- •The jobs report is the last before November midterm elections, adding a political dimension to the economic data.
Sources
Private Sector Jobs Are Still Growing
Seekingalpha
What a hiring slowdown signals about the state of the U.S. economy
PBS NewsHour
September jobs report misses expectations
Thehill
Gold futures turn lower as weak U.S. payrolls fail to sustain gains
Seekingalpha
US adds just 29,000 jobs as unemployment rises before midterm elections
Al Jazeera
U.S. Labor Market Shifts to a Lower Gear
New York Times
The Fed Is Done After The September Jobs Report
Seekingalpha
Disappointing 29,000 jobs added in September as unemployment ticks up
PBS NewsHour
U.S. economy added 29,000 jobs in September, signaling a slower labor market
Washington Post
The U.S. added only 29,000 jobs in September as job market lacks spark
NPR News
Curated from 7 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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