World
US JOBS GROW BY JUST 29,000 AS UNEMPLOYMENT RISES
The United States added only 29,000 jobs in September, far below economists' expectations, while the unemployment rate rose to 4.2%, according to fresh Labor Department data. Economists surveyed by Reuters had expected employers to add about 90,000 jobs. The report also showed that August's previously reported 162,000 job increase was revised down to 133,000, adding to evidence that the labor market is losing momentum. The weaker figures immediately affected financial markets, with investors sharply reducing expectations that the Federal Reserve will raise interest rates again at its October meeting.
BigV•7h ago•1 min read