Delayed job report shows 119,000 jobs added
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Employers across the U.S. added 119,000 jobs in September, marking a pickup after previous employment data had shown a slowdown in hiring. The report marks the first official job tally since the government shutdown ended last week,
Follow MarketWatch's live coverage of the jobs report for September and weekly jobless claims delayed by the longest U.S. government shutdown in history.
The September jobs report is out, six weeks after it was originally supposed to be released. The headline figures aren’t too shabby: Employers added 119,000 jobs in September, which is more than economists expected. On the other hand, the unemployment rate ticked up to 4.4%.
September jobs report reveals U.S. labor market losing steam with employment figures revised down by 33,000 for July and August, signaling economic concerns.
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
The September jobs report, delayed due to the government shutdown, showed the food services sector added more than 36,000 jobs for the month, more than any sector besides health care.