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US Firms Add Just 29,000 Jobs, Unemployment Rate Ticks Up: Instant Reaction
Published 4 hours ago
Description
The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.
Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists.
The unemployment rate rose to 4.2%, partly reflecting a growing workforce.
Bloomberg’s Tom Keene and Paul Sweeney get reaction from:
- Claudia Sahm, Chief Economist at New Century Advisors
- Rebecca Patterson, Senior Fellow at Council on Foreign Relations
- Kristina Campmany, Senior Portfolio Manager at Invesco
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