The latest Labor Department report shows the US economy created fewer jobs than expected in September, with only 29,000 new positions added—a significant slowdown from recent months. Meanwhile, the unemployment rate climbed to 4.2 percent, signaling potential shifts in the labor market. Economists had anticipated stronger hiring figures, raising questions about whether the job market is cooling. The data offers fresh insight into the health of the economy as policymakers and workers assess the outlook for wages and employment.
The US economy added 29,000 jobs in September, with unemployment rising to 4.2 percent, according to Labor Department.
