8/102 sources · 2 publishersUpdated Oct 8, 16:12 UTC
U.S. September nonfarm payrolls rise 29,000, unemployment climbs to 4.2%
The U.S. Bureau of Labor Statistics reported that nonfarm payrolls increased by 29,000 in September, well below analysts' forecasts. The unemployment rate edged up to 4.2% from 4.1% in the prior month. The figure also fell short of the revised August gain of 133,000.
Why it matters
The weaker‑than‑expected job growth may temper expectations for near‑term interest‑rate hikes, according to the analysts' commentary in the second material.
Key facts
- 1Nonfarm payrolls rose by 29,000 in September. cnbc.com
- 2Analysts had expected 84,000 jobs. cnbc.com
- 3Analysts had expected 85,000 jobs. seekingalpha.com
- 4The revised September gain was lower than August's 133,000 jobs. seekingalpha.com
- 5The unemployment rate increased to 4.2% from 4.1%. cnbc.com
Open questions
- Two different expectation figures (84,000 and 85,000) appear in the sources.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.