Everyone expected 84,000 jobs. The US added 29,000. And July and August were revised down by 60,000. The labor market isn't just slowing—it's been weaker than we thought.
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US adds just 29,000 jobs in September, missing expectations; Fed likely to skip October hike but may raise rates in December | CuriousCats.ai
The U.S. economy added just 29,000 jobs in September, falling short of expectations, while the unemployment rate rose to 4.2%. The Federal Reserve is likely to pause rate hikes in October but may consider increases in December, amid ongoing economic challenges and inflation concerns.