BUSINESS
US Adds 29,000 Jobs in September, Missing Forecasts
The U.S. economy added 29,000 jobs in September, significantly below the expected 84,000-85,000, while the unemployment rate rose to 4.2%. Prior job gains for July and August were revised downward by a combined 60,000, indicating a weakening labor market.
Left7
Left-leaning outlets emphasize the disappointing jobs report as evidence of a slowing labor market and economic headwinds, with focus on inflation pressures and the underperformance relative to forecasts ahead of midterm elections.
NYHiring Slows as U.S. Jobs Report Shows Labor Market Shifting Into Lower GearNPThe U.S. added only 29,000 jobs in September as job market lacks sparkPWU.S. Hiring Slows with 29,000 Jobs Added in SeptemberTGLatest US jobs figures reveal weaker-than-expected growth in last report before midterm elections – liveANEmployers added 29K jobs in September, jobless rate ticks upCNEmployers added 29,000 jobs in September, missing economic forecastsWPU.S. economy added 29,000 jobs in September, signaling a slower labor market
Center2
Center outlets present the data factually, noting the significant shortfall from expectations and indicating the Federal Reserve is likely to hold interest rates steady at its October meeting.