US Job Growth Falls Short of Forecasts as Firms Remain Cautious
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The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs. Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months. The unemployment rate rose to 4.2%, partly reflecting a growing workforce. Rebecca Patterson, Senior Fellow at Council on Foreign Relations and Former Chief Investment Strategist at Bridgewater, reacts to US jobs. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://appl
Tags: Bonds, Council on Foreign Relations, Economy, Employment, Fed, Federal Reserve, Inflation, Investing, Jobs, Markets, Paul Sweeney, Payrolls, Rate Hike, Rebecca Patterson, September, Tom Keene, Treasuries, Unemployment, non-farm payrolls, payment
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