GgoogleIT first seen 10 d ago, last 4 d ago, peak #1
US jobs report shows weak September hiring, unemployment rises
Original: report
The September US jobs report showed employers added just 29,000 positions, far short of forecasts, while the unemployment rate rose to 4.2%. Economists had expected the labor market to hold steady, so the data points to a cooling economy. Democrats attacked the administration's economic agenda over the miss, and markets now expect the Federal Reserve to skip a rate hike in October as job growth slows.
Why now: The unexpectedly weak jobs numbers just released are reshaping debate over the US economy and Fed policy.
Federal ReserveUS labor marketDonald TrumpDemocratic Party
Evidence
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- Employers across the U.S. added 29,000 jobs in September, short of forecasts · CBS News
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- Top Democrats slam ‘Trump’s failing economic agenda’ after weaker-than-expected jobs growth – US politics live · The Guardian
- Fed seen skipping October rate hike as job market cools · Reuters
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