U.S. job growth stalls in September with only 29,000 positions added; unemployment rises to 4.2%
Source Summary
Nonfarm payrolls increased by 29,000 in September, significantly below the forecasted 84,000 positions. The unemployment rate rose to 4.2%, according to the Bureau of Labor Statistics.
Why it matters
Weak job creation combined with rising unemployment signals a significant slowdown in the labor market, which affects consumer spending and broader economic growth.
