✉news BusinessEconomy first seen 3 d ago, last 3 d ago, peak #13
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 ticked up to 4.2%
The United States added only 29,000 jobs last month, a sharp slowdown from recent hiring levels, while the unemployment rate rose to 4.2%. The weak employment figures are drawing attention as a sign of cooling labor market momentum, with economists and policymakers watching closely for what they signal about the broader economy and future interest rate decisions.
Why now: A much weaker-than-expected jobs report and rising unemployment raise concerns about the health of the US economy.
Evidence
- The US economy added just 29,000 jobs last month and the unemployment rate ticked up to 4.2% · CNN
- The US economy added just 29,000 jobs last month and the unemployment rate ticked up to 4.2% · kten.com
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