US job growth slows sharply in September; unemployment rate rises to 4.2% - Reuters — SkimNews
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- The US economy added just 29,000 jobs in September, per CNN, a sharp slowdown highlighted across all three outlets.
- The unemployment rate rose to 4.2%, with CNBC and CNN both flagging the uptick alongside the weaker-than-expected hiring print.
Why it matters: The September print of just 29,000 jobs added and a 4.2% unemployment rate, reported across Reuters, CNN, and CNBC, marks a clear deceleration in US hiring, giving Federal Reserve policymakers fresh data pointing to a cooling labor market ahead of their next decision.
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