Prices and Jobs
Labor Department reported employers added 29,000 jobs in September
The Bureau of Labor Statistics reported on Oct. 2 that employers added 29,000 jobs in September, with unemployment at 4.2%. Previous payroll gains for July and August were revised down by 60,000 combined.
Why it mattersA cooling job market shows softening labor demand and influences upcoming interest rate decisions.
How we got here
- The Federal Open Market Committee raised the federal funds target range by a quarter point, to 3.75%–4%. Gov, Gov
- Federal Reserve Vice Chair Philip Jefferson gave a speech on the economy and monetary policy at the University of Virginia. Gov
- The BLS reported that September payrolls increased by 29,000 and the unemployment rate reached 4.2%. Gov, Gov
- The Federal Open Market Committee was scheduled to begin its two-day October meeting. Gov
- The BLS scheduled the release of the October Employment Situation report. Gov
What's likely next
- Federal Open Market Committee meeting; the Fed’s scheduled policy statement is released at 2 p.m. ET on the second day.
- BLS September Job Openings and Labor Turnover Survey release.
- BLS Employment Situation report for October, the scheduled release for the October reference month.
All coverage
The coverage
- September jobs report shows slowdown in hiring, rise in unemploymentUsatoday · Oct 2
- The US economy added just 29,000 jobs last month and the unemployment rate ticked up to 4.2%CNN · Oct 2
- The U.S. added only 29,000 jobs in September as job market lacks sparkNPR · Oct 2
- US added just 29,000 jobs in September in sharp drop from last month’s gainsThe Guardian · Oct 2
- Hiring Slows as U.S. Jobs Report Shows Labor Market Shifting Into Lower GearThe New York Times · Oct 2
Analysis & opinion
- Another disappointing jobs report suggests more challenges for Trump, GOPThe Washington Post · Oct 2 · opinion
- NFP Preview: Can the Jobs Report Overcome the Bond Market Meltdown Too?StoneX · Oct 1
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