U.S. September job growth slows to 29,000, unemployment rises to 4.2%
On September 19, the U. S. Labor Department reported that September non-farm payrolls increased by just 29,000 jobs, far short of expectations, and that the unemployment rate rose to 4. 2%, with average hourly earnings gaining only 0.
1% year-over-year. Earlier forecasts had varied, with analysts at CNBC and CNN projecting additions of 84,000 to 94,000 jobs and a steady 4. 1% unemployment rate, while Reuters noted that weekly initial jobless claims fell to their lowest level since 1969 and that new single-family home sales rose after price cuts. The weaker-than-expected payroll data prompted markets to anticipate a pause in Federal Reserve rate hikes.
Acteurs
U.S. Department of Labor
Federal Reserve
U.S. Commerce Department
Citigroup
Barclays
National Association of Home Builders
Lieux
United States
Washington, D.C.
