Business & Finance
US employers add 29,000 jobs as hiring slows sharply in September
The unemployment rate rose to 4.2% while wage growth slowed to its lowest level since 2021.
The short version
- U.S. payrolls grew by 29,000 in September, significantly trailing economist expectations of 90,000.[The Washington Sun · CBS News · CNBC]
- The unemployment rate ticked up to 4.2%, and annual wage gains slowed to 3%, the lowest rate since May 2021.[The Washington Sun · CNBC]
- Government revisions reduced payroll figures for July and August by a combined 60,000 jobs.[The Washington Sun · CBS News · CNBC]
- Healthcare accounted for 17,000 new jobs, while financial services eliminated 7,000 positions.[CBS News · CNBC · The Guardian]
Key facts
- U.S. employers added 29,000 jobs in September, and the unemployment rate rose to 4.2%.[The Washington Sun · CNBC]
- Economists had forecast September payroll growth of 90,000 jobs.[The Washington Sun · CBS News]
- Labor Department revisions reduced combined July and August payrolls by 60,000 jobs.[The Washington Sun · CBS News · CNBC]
- Average hourly earnings grew 3% year-over-year, marking the slowest annual wage growth since May 2021.[The Washington Sun · CNBC]
- Healthcare added 17,000 positions in September, while the financial sector lost 7,000 jobs.[CBS News · CNBC · The Guardian]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Employers Added Just 29,000 Jobs in September, Missing ExpectationsThe Washington Sun
- Employers added 29,000 jobs in September, missing economic forecastsCBS News - Top Stories
- US added just 29,000 jobs in September in sharp drop from last month’s gainsThe Guardian - US
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%CNBC
- Disappointing 29,000 jobs added in September as unemployment ticks upPBS NewsHour - Politics
- US jobs market sees sharp slowdown ahead of midterm electionsBBC News - Business
- 10-year Treasury yield ticks higher despite weaker-than-expected jobs reportCNBC
- US hiring slows and unemployment ticks higher with a month remaining before Americans head to pollsAssociated Press
- Traders now see little chance of a Fed rate hike in October after weak jobs reportCNBC
- US stocks rise near their record after the latest jobs report eases worries about inflationAssociated Press
- America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year highAssociated Press
- America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year highABC News - US News