US added 29,000 jobs in September as unemployment rose to 4.2%
publishers 24articles 26first reported 2 Oct, 04:02 UTCdeveloping since 2 Oct · 18 editions
U.S. employers added 29,000 jobs in September, falling well short of economists’ forecasts, while the unemployment rate edged up from 4.1% to 4.2%, the Labor Department reported Friday.
Healthcare accounted for 17,000 of the new positions, below its average monthly gain of 33,000 over the previous year. Construction added 11,000 jobs and manufacturing gained 9,000, while financial activities shed 7,000. Employment in most other major sectors changed little.
The government also revised its estimates for July and August down by a combined 60,000 jobs. July was changed from a gain of 21,000 to a loss of 10,000, while August’s increase was reduced from 162,000 to 133,000.
Average hourly earnings rose 3% from a year earlier, the slowest annual pace in about five years. CBS News reported that wage growth had trailed inflation for five consecutive months. The Guardian also reported that unemployment among Black Americans increased by a percentage point to 7%, twice the rate for white Americans.
U.S. stocks rose after the report, with the Nasdaq reaching a record high, as investors reduced expectations that the Federal Reserve would raise interest rates again soon. The report was the final monthly employment release before the November 3 midterm elections.
HOW THIS STORY WAS MADE
Written from 8 articles, 4 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 42 h after the record first saw the story; the editor kept it as written.
- Publishers
- 24
- Source articles
- 26
- Given to the writer
- 8, 4 with the article's own text
- Independent newsrooms
- 8
- This version written
- 42 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →