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US economy adds just 29,000 jobs in September as unemployment rises

Original: Disappointing 29,000 jobs added in September as unemployment ticks up

The US economy added only 29,000 jobs in September, a sharply disappointing figure, while the unemployment rate ticked higher. The weak jobs report points to cooling momentum in the labour market and is likely to fuel debate over the state of the economy and the policy response from the Federal Reserve and the administration.

Why now: The unexpectedly weak jobs numbers raise concerns about a slowing US labour market and its implications for interest rates and the economy.

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Evidence

• Disappointing 29,000 jobs added in September as unemployment ticks up · PBS

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