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US employers added just 29,000 jobs in September, a sharp drop from last month’s gains, and unemployment rose slightly to 4.2%, a sign of a cooling labor market in the final jobs report before the midterm election.The numbers were under half of economists’ expectations of just under 70,000 new jobs. Most job gains were concentrated in the healthcare industry, which added 17,000 new jobs, while the information, financial and professional industries saw losses, according to the latest data from the US Bureau of Labor Statistics.Earlier jobs figures were also revised down: Initial reports from July and August altogether dropped by 60,000. The labor market contracted by 10,000 jobs in July after revisions, while August saw 133,000 jobs added.Growth in average hourly earnings slumped to 3%, the lowest rate in over five years.The unemployment rate has remained relatively steady since last year, when it hit 4.5% in November. US jobless claims also inched lower for the fourth week in a row,...

The US economy added 29,000 jobs in September, according to the latest report from the Bureau of Labor Statistics.The unemployment rate rose to 4.2% in September from 4.1% in August.Nonfarm payroll employment had been forecast to show an increase of 95,000, down from an increase of 162,000 initially reported in August, according to FactSet. That August gain has since been revised down to 133,000. Meanwhile, the unemployment rate had been forecast to remain steady at 4.1%.September Jobs Report Key StatsTotal nonfarm payrolls rose by 29,000 after rising by 133,000 in August.The unemployment rate rose to 4.2% in September from 4.1% in August.In September, average hourly wages rose by 5 cents, or 0.1%, to $37.81. This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar’s use of automation. The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies. ...

The US job market posted lower than expected gains in September, with the Bureau of Labor Statistics also revising down the last two months' figures (Patrick T. FALLON) Employment in the United States grew by 29,000 jobs in September, missing analysts' expectations significantly, with the unemployment rate rising slightly to 4.2 percent, government data showed on Friday. Adding to the weak data, the Bureau of Labor Statistics (BLS) also revised down job figures for July and August by a combined 60,000 jobs, the department said in a statement. The revision to July's data showed that the world's largest economy lost jobs that month, as opposed to posting a gain of 21,000 as previously reported. The data comes ahead of...

NEW YORK: Major US indices spent most of the day solidly in positive territory following the lackluster hiring data for September. Equities were also supported by a pullback in oil prices after G7 countries agreed to an emergency release of fuel reserves in light of the US-Iran war.Data showed that employment in the United States grew by 29,000 jobs in September, missing analysts' expectations of around 90,000, with the unemployment rate rising slightly to 4.2 per cent.The jobs report "is lousy for the economy, but could keep the Fed from making trouble, and so the market was pretty good with it," said Chris Low of FHN Financial."Today's report may revive the 'bad news is good news' narrative, but hoping for a weaker labor market just to secure easier financial conditions is a poor tradeoff," said eToro analyst Bret Kenwell.Following a positive day on European bourses, the S&P 500 finished up 0.7 per cent, with 10 of 11 sectors in positive territory.Oil prices,...

Layoffs and discharges also differ across states for many reasons, including the economic vitality and the industry profile of the region. In 2025, the average annual layoff rate ranged from 0.8% in Washington, DC to 2.6% in Idaho. Layoffs and discharges data for states were released monthly through February 2026. At that time, BLS released December 2025 data and stated that state-level data would shift to annual release, to be published in July of each year. Source link...

Restaurants and bars added 11,000 jobs in September, about a third of all the jobs added during the month. Job gains for July and August were revised downward. Justin Sullivan/Getty Images hide caption ...

Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for clues on the Federal Reserve's policy path.Brendon Thorne | Bloomberg | Getty ImagesGold rose over 1% on Friday after weaker-than-expected U.S. jobs data for September eased concerns about ​a Federal Reserve rate ​hike this month, although ​a stronger dollar and elevated Treasury yields kept bullion on track for a weekly loss.Spot gold rose 1.1% to $4,223.49 an ounce, but was down about 1.5% for ⁠the ‌week so far. U.S. gold futures gained 1.2% to $4,254.10.The U.S. ⁠dollar edged lower after data showed U.S. job growth slowed more than expected in September, but was headed for a weekly gain, while yields on 10- and 30-year Treasuries hit their highest levels since 2002 on ‌Thursday.U.S. nonfarm payrolls rose by 29,000 last month after a downwardly revised increase of 133,000 in August, the Labor Department's closely watched employment report...

Oil prices slumped Friday as G7 nations agreed to a major release of fuel reserves, while Wall Street stocks jumped after data showed that job creation withered last month. G7 leaders agreed to release 100 million barrels of diesel and crude oil from their reserves over four months and to "refrain from export restrictions on energy". US oil prices dropped sharply -- as much as five percent at one point -- while international benchmark Brent crude briefly fell back below $100 per barrel. The move came following pressure from President Donald Trump to tap the EU's strategic diesel reserves or face a US ban on diesel exports. While exports of crude oil from the Middle East have been returning to near pre-war levels in recent weeks, the situation for fuels like diesel remains tight due to refineries being damaged during the conflict. Russian refineries have also suffered damage due to Ukrainian strikes. "Diesel is now a macro problem as much as an energy one, feeding directly into freight,...

Gold prices were flat in early Asian trading on Thursday, as investors awaited US jobs data for clues on the Federal Reserve's interest rate path.FUNDAMENTALSSpot gold was little changed at $4,146.66 per ounce, as of 0027 GMT. US gold futures for December delivery lost 0.3% to $4,177.00.The crucial US nonfarm payrolls report for September is scheduled for release on Friday.Data on Wednesday showed US inflation rose less than expected in August, and price pressures were more moderate in the prior month than previously reported. Gold prices briefly climbed following the data release but closed lower by the end of the session.The data trimmed expectations for an October Fed rate hike, but traders see an 87% chance of a rate increase in December.Live EventsSome Bank of Japan policymakers saw the need to accelerate the pace of rate hikes or bring them closer to the central bank's "goal" soon, a summary of opinions at its September meeting showed.Higher interest rates reduce gold's...