Summary
The latest jobs report shows that the U.S. job market is slowing down, with unemployment reaching its highest point in four years. However, the report also notes a positive increase of 64,000 new jobs last month.
Key Facts
- Unemployment in the U.S. has risen to its highest level in four years.
- Last month, 64,000 new jobs were added to the economy.
- The jobs report was delayed because of a six-week government shutdown.
- Geoff Bennett talked about the report with David Wessel from the Brookings Institution.
- The report highlights signs of a cooling labor market, meaning the job market is not growing as fast as before.
