US Firms Add Just 29,000 Jobs, Unemployment Rate Ticks Up: Instant Reaction | Bloomberg Businessweek

By Bloomberg Podcasts

Community Score: 50% | 186 views | 1w

0 community ratings: null thumbs up, null thumbs down

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, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists. The unemployment rate rose to 4.2%, partly reflecting a growing workforce. Bloomberg’s Tom Keene and Paul Sweeney get reaction from: Claudia Sahm, Chief Economist at New Century Advisors Rebecca Patterson, Senior Fellow at Council on Foreign Relations Kristina Campmany, Senior Portfolio Manager at Invesco See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editor

Tags: Businessweek, News, Tech News, Technology, bloomberg Businessweek, bloomberg podcast, business, businessweek podcast, news, news podcast, podcast, podcasts