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Mmastodon BusinessMarkets first seen 5 h ago, last 1 h ago, peak #11

US Job Growth Slows and Unemployment Rises Before Midterms

Original: ⚡ NEWS US Job Growth Slows and Unemployment Rises Before Midterms The US economy added only 29,000 jobs in September, wh

The US economy added just 29,000 jobs in September, while the unemployment rate rose to 4.2 percent, according to Labor Department data. The sharp slowdown in hiring comes weeks before the midterm elections, raising questions about the economy's strength and its likely impact on voters' choices at the ballot box.

Why now: Weak jobs figures landing shortly before the midterm elections make the economy a central political issue.

United StatesLabor Department

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