U.S. employers added only 29,000 jobs in September, badly missing forecasts of 84,000, while unemployment ticked up to 4.2% and left the Federal Reserve still focused on inflation risks.
The New York Post reported that the Bureau of Labor Statistics released the soft September payroll figures on Friday, with the prior month’s gain revised down to 133,000 from an initial 162,000 reading. Job gains for July and August were revised lower by a combined 60,000 positions. Unemployment rose from 4.1% the month before.
Read Full Article: https://conservativeinstitute.org/economy/september-job-gains-stall-far-below-forecasts-as-unemployment-edges-higher.htm
