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economics·EconomicsbyMicroWave

US adds disappointing 29,000 jobs and unemployment ticks up to 4.2% in September

U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday, a month before voters go to the polls in pivotal midterm elections at a time of discontent over the high cost of living and the state of the economy.

Hiring dropped from a revised 133,000 in August, the Labor Department reported. The unemployment rate rose to a still-low 4.2% from 4.1% in August,

Economists had expected September payrolls to come in at 90,000.

US adds disappointing 29,000 jobs and unemployment ticks up to 4.2% in Septemberhttps://apnews.com/article/jobs-unemployment-economy-ai-hiring-44b99f9ccbff863888af99402ddf535eOpen linkView original on lemmy.world
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