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U.S. Payrolls Add 29,000 in September as Unemployment Rate Reaches 4.2%
The job gain fell 55,000 short of expectations, while unemployment rose from 4.1% in August.
U.S. employers added 29,000 jobs in September, well below expectations, while the unemployment rate climbed to 4.2%, putting fresh attention on labor-market conditions and the Federal Reserve’s rate outlook.
The payroll increase missed the expected 84,000 by 55,000. The unemployment rate was expected to remain at 4.1%, its August level, but instead rose by 0.1 percentage point.
The figures offer a weaker picture of hiring than anticipated as markets assess the economy and the Fed’s next steps.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.