✉news BusinessReal Estate first seen 1 d ago, last 9 h ago, peak #6
US job growth slows sharply as payrolls rise 29,000 in September
Original: U.S. job growth slows in September, payrolls rise 29,000
US hiring slowed considerably in September, with nonfarm payrolls rising by just 29,000, a sharp drop from earlier in the year and well below what economists had expected. The weak jobs report is fueling debate about the health of the labor market, the risk of a broader slowdown, and whether the Federal Reserve will cut interest rates in response to deteriorating employment data.
Why now: The September payrolls figure is dramatically weaker than recent months, raising concerns about the US economy and expectations for Federal Reserve rate cuts.
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- U.S. job growth slows in September, payrolls rise 29,000 · HousingWire
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