Market Signal

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

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