Jobs Report: Mixed Signals for U.S. Economy

Latest Jobs Report: Mixed Signals for U.S. EconomyThe recent jobs report, delayed by the government shutdown, paints a complex picture for the U.S. economy. In September, the country added 119,000 jobs, a significant rebound from Augusts loss of 4,000 jobs. This number surpassed expectations, suggesting a stronger job market. However, the unemployment rate rose to 4.4%, the highest since October 2021, due to more people actively seeking work. Most new jobs were in healthcare, leisure, and retail, while the federal government and manufacturing sectors saw job losses. The report, based on employer and household surveys, indicates a resilient job market despite the shutdown, but the unemployment rate increase raises concerns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.