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US jobs growth stalls at 29,000 in September

Original: U.S. jobs growth stalls at 29,000 in September as unemployment rises to 4.2% The U.S. economy added just 29,000 jobs in

The U.S. economy added only 29,000 jobs in September, far below forecasts, while the unemployment rate climbed to 4.2%. The weak labour market data is drawing attention from investors and economists assessing the slowdown. Markets reacted, with Bitcoin holding near $87,000 following the report, as traders weighed the implications for the Federal Reserve's next policy moves.

Why now: The unexpectedly weak jobs report has major implications for the economy and monetary policy.

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Evidence

• U.S. jobs growth stalls at 29,000 in September as unemployment rises to 4.2% The U.S. economy added just 29,000 jobs in September, missing forecasts, while Bitcoin holds near $87,000 after the report. https:// newisty.com/blog/us-jobs-growt… · newisty

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