𝕏xUS first seen 8 h ago, last 8 h ago, peak #1
US economy adds just 29,000 jobs as unemployment rises to 4.2%
Original: The US economy added just 29,000 jobs last month, and the unemployment rate rose to 4.2% https:// cnn.it/4hrxTaX
The US economy added only 29,000 jobs last month, while the unemployment rate rose to 4.2%, according to a CNN report. The weak hiring figures and rising joblessness are drawing attention as signs the labor market may be cooling, fueling debate about the state of the economy and the outlook for interest rates and growth.
Why now: The unexpectedly weak jobs report raises concerns about a slowing US economy.
Evidence
- The US economy added just 29,000 jobs last month, and the unemployment rate rose to 4.2% https:// cnn.it/4hrxTaX · cnnbrk · 22
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