‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
US employers added only 29,000 jobs in September, significantly lower than economists' expectations of 90,000. The unemployment rate rose to 4.2% as more people entered the workforce without immediate jobs. Healthcare hiring showed a notable slowdown, with government job cuts further contributing to weak hiring figures. While layoffs decreased by 18%, hiring plans fell sharply, reaching...
Key Takeaways
- US employers added only 29,000 jobs in September, significantly lower than economists' expectations of 90,000.
- The unemployment rate rose to 4.2% as more people entered the workforce without immediate jobs.
- Healthcare hiring showed a notable slowdown, with government job cuts further contributing to weak hiring figures.
US employers added only 29,000 jobs in September, significantly lower than economists' expectations of 90,000. The unemployment rate rose to 4.2% as more people entered the workforce without immediate jobs. Healthcare hiring showed a notable slowdown, with government job cuts further contributing to weak hiring figures. While layoffs decreased by 18%, hiring plans fell sharply, reaching their lowest since 2011.
Original Publisher Attribution
This summary was curated from Times of India.