Summary
The U.S. added 119,000 jobs in September, more than expected, though the unemployment rate increased slightly to 4.4%. A long government shutdown delayed the release of this job data, which comes as policymakers consider whether to adjust interest rates. The Federal Reserve is debating rate cuts amid concerns about inflation and other economic challenges.
Key Facts
- The U.S. added 119,000 jobs in September, surpassing expectations.
- The unemployment rate rose from 4.3% to 4.4%.
- A government shutdown delayed the release of job data for several weeks.
- Since April, job growth has been minimal.
- The Federal Reserve is considering interest rate cuts to help the economy.
- Inflation went up to 3% in September, higher than the Fed's target of 2%.
- Concerns include the impact of artificial intelligence on jobs and changes in immigration affecting labor.
- Private reports note significant job cuts from companies like Amazon and Target in October.
