US Unemployment up Even as Hiring Beat Expectations in Delayed Report
The Labor Department reported 119,000 jobs added in September with unemployment rising to 4.4%, reflecting a softer labor market after a 43-day government shutdown.
- On Thursday, the U.S. Labor Department published overdue September employment figures after a 43-day government shutdown, serving as the last official jobs report before the Federal Reserve's next policy meeting.
- Because of the shutdown, the Labor Department delayed data collection during the 43-day government shutdown and will combine some October data with November's on December 16.
- September payrolls rose by 119,000, beating the 50,000 forecast; average hourly earnings hit $36.67 while August was revised to a 4,000 job loss, not a 22,000 gain.
- The report could deepen a split among Fed policymakers over December rate cuts, with some pushing for a reduction despite inflation concerns.
- Because the data are backward-looking, the report may understate recent weakness tied to federal layoffs and disruptions, and some Fed policymakers warn that President Donald Trump's tariffs could keep goods prices higher into next year.
47 Articles
47 Articles
Shutdown-delayed report shows U.S. added 119,000 jobs in September
A delayed federal report shows the U.S. added 119,000 jobs in September as unemployment rose to 4.4 percent — the fourth straight monthly increase. Earlier months were revised down by 33,000 jobs, pointing to softening momentum. Health care and restaurants added workers, while transportation and federal payrolls declined.
US unemployment up even as hiring beat expectations in delayed report
The US jobless rate crept up in September although hiring exceeded analyst expectations, according to a delayed employment report published Thursday after a record-long government shutdown.
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