US adds just 29,000 jobs in September as unemployment ticks up to 4.2%
The final jobs report before the midterm elections pointed to a cooling labor market, with most gains concentrated in healthcare.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
US employers added just 29,000 jobs in September, a sharp slowdown from the previous month, according to the Guardian, citing data from the US Bureau of Labor Statistics.
The unemployment rate rose slightly to 4.2 percent, in what is the final jobs report released before the midterm elections.
The figure came in well below economists' expectations of nearly 70,000 new jobs, underscoring signs of a cooling labor market.
Most of the job gains were concentrated in healthcare, which added 17,000 positions, while the information, financial and professional services industries recorded losses.
Sources
- US added just 29,000 jobs in September in sharp drop from last month’s gains — The Guardian — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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