Summary
The latest jobs report from the Department of Labor showed that the U.S. economy added 119,000 jobs in September, which was higher than expected. However, the unemployment rate slightly increased to 4.4%, and the monthly report for October will not be released due to the government shutdown.
Key Facts
- The Bureau of Labor Statistics (BLS) reported the U.S. gained 119,000 jobs in September.
- Predictions had expected only 50,000 new jobs.
- August’s job gains were revised down from 22,000 to a loss of 4,000 jobs.
- The unemployment rate went up from 4.3% to 4.4%.
- No official jobs report for October will be provided due to the government shutdown.
- The next jobs data, including October’s payroll figures, will be released on December 16.
- The report's release was initially delayed due to government data collection issues.
