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BackU.S. Job Growth Misses Expectations in September
U.S. Job Growth Misses Expectations in September
NEWS
CNBC3 hours agoBusiness1 min read

U.S. Job Growth Misses Expectations in September

labor marketjobs reportnonfarm payrolls

Quick Look

  • The U.S. labor market showed unexpected weakness in September as nonfarm payrolls increased by only 29,000, falling short of the 84,000 jobs predicted by economists.
  • The unemployment rate rose to 4.2%, according to the Bureau of Labor Statistics.

AI-generated summary

Why It Matters

The Bureau of Labor Statistics tracks monthly employment data for the U.S. economy.

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The U.S. economy created fewer jobs than expected in September, pointing to a surprising soft spot in the labor market.

Nonfarm payrolls rose a seasonally adjusted 29,000 for the month while the unemployment rate increased to 4.2%, the Bureau of Labor Statistics reported Friday.

Economists surveyed by Dow Jones had been looking for job growth of 84,000 and an unemployment rate of 4.1%.

Open Questions

  • What factors contributed to the lower-than-expected job growth?

Related Topics

labor market
OrganizationsBureau of Labor StatisticsDow Jones
PlacesU.S.
Topicsjobs reportnonfarm payrollsunemployment rateeconomy
This article was originally published by CNBC.

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