✉news BusinessReal Estate first seen 5 h ago, last 7 min ago, peak #6
US job growth slows sharply as September payrolls rise just 29,000
Original: U.S. job growth slows in September, payrolls rise 29,000
US employers added only 29,000 jobs in September, a sharp slowdown in hiring and the latest sign that labor market momentum is fading. Weak employment data typically pushes down borrowing costs, and the figure is being watched closely by economists, the Federal Reserve and housing market watchers assessing the outlook for rates and demand.
Why now: The sharp slowdown in hiring has immediate implications for Fed rate decisions and mortgage rates, making it major news for the economy and housing.
United StatesFederal ReserveUS labor market
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Evidence
- U.S. job growth slows in September, payrolls rise 29,000 · HousingWire
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