Disappointing 29,000 jobs added in September as unemployment ticks up
Summary
U.S. employers added 29,000 jobs in September, which is fewer than expected. The unemployment rate rose slightly to 4.2% from 4.1% in August.Key Facts
- The U.S. job increase in September was 29,000, below the expected 90,000.
- Hiring fell from a revised figure of 133,000 jobs added in August.
- The unemployment rate increased from 4.1% in August to 4.2% in September.
- The report was released by the U.S. Labor Department.
- These numbers came just before midterm elections.
- The data reflects concerns about the cost of living and the economy.
- Despite the rise, the unemployment rate remains relatively low.
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