US Job Growth Falls Short of Forecasts as Firms Remain Cautious
US job growth in September fell below expectations, and the unemployment rate rose to 4.2% as employers showed increased caution amid rising costs.
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. (Source: Bloomberg)
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