𝕏xUS first seen 5 h ago, last 5 h ago, peak #3

US jobs report far below expectations with 29,000 added

Original: BREAKING: The September jobs report comes in far below expectations, with the U.S. adding just 29,000 jobs as unemployme

The September US jobs report showed just 29,000 jobs added, far short of the roughly 90,000 economists had expected, while unemployment ticked up to 4.2%. The sharp slowdown in hiring is drawing widespread attention, with commentators weighing what it means for the economy and for Federal Reserve rate policy.

Why now: The unexpectedly weak jobs number signals a sharp labor market slowdown with major implications for the economy.

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Evidence

• BREAKING: The September jobs report comes in far below expectations, with the U.S. adding just 29,000 jobs as unemployment rises slightly to 4.2%. Economists had expected roughly 90,000 jobs, making the actual gain less than a third of the forecast. The sharp slowdown follows a · FoxNews · 16

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