The number of new jobs added in the US in September fell far short of expectations, indicating an unexpected weakening of the labor market and the overall economy. The US Bureau of Labor Statistics announced on Friday that after seasonal adjustments, there were 29,000 new non-farm payrolls in the same month, and the unemployment rate rose to 4.2%. Economists surveyed by Dow Jones had anticipated 84,000 new jobs, with an unemployment rate of 4.1%. In addition to the weak data for September, the employment data for August was revised down, and the number of new jobs was revised to 133,000; the July data changed from positive to negative, and non-farm payrolls decreased by 10,000. After the overall revision, the total number of employed persons increased by 60,000 fewer than the previously announced value.

Zhitongcaijing · 3d ago
The number of new jobs added in the US in September fell far short of expectations, indicating an unexpected weakening of the labor market and the overall economy. The US Bureau of Labor Statistics announced on Friday that after seasonal adjustments, there were 29,000 new non-farm payrolls in the same month, and the unemployment rate rose to 4.2%. Economists surveyed by Dow Jones had anticipated 84,000 new jobs, with an unemployment rate of 4.1%. In addition to the weak data for September, the employment data for August was revised down, and the number of new jobs was revised to 133,000; the July data changed from positive to negative, and non-farm payrolls decreased by 10,000. After the overall revision, the total number of employed persons increased by 60,000 fewer than the previously announced value.