Mmastodon BusinessEconomy first seen 20 h ago, last 16 min ago, peak #1
US adds disappointing 29,000 jobs as unemployment rises to 4.2%
Original: # US adds disappointing 29,000 # jobs & # unemployment ticks up to 4.2% in September # Trump # policy # labor # economy
The US economy added just 29,000 jobs in September, far below expectations, while the unemployment rate ticked up to 4.2%, according to an Associated Press report. The weak labor market figures are being linked by commentators to Trump administration policies, including tariffs, with worries mounting over inflation, affordability and a possible recession.
Why now: Fresh jobs data showing sharply weaker hiring and rising unemployment has stoked concern about the state of the US economy under current policy.
United StatesDonald TrumpAssociated Press
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