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The US economy created 29,000 jobs in September, well below analyst forecasts of around 90,000 (SCOTT OLSON) Wall Street stocks advanced Friday after weak US jobs data lowered the odds of Federal Reserve rate hikes. 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 percent. The jobs report "is lousy for the economy, but...

The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor Statistics data showed Friday. The latest jobs report – and the final official employment snapshot before the midterm elections – also showed that recent months’ hiring was weaker than previously thought and that wage growth slowed, putting Americans’ paychecks further behind the 8-ball at a time when inflation has accelerated. Through September, the economy has added an average of 68,000 jobs per month, BLS data shows. That’s stronger than last year (when fewer than 10,000 jobs were added per month); however, the current pace of hiring is running well below pre-pandemic averages. ...

OCONEE COUNTY, S.C. —CurTec USA, a high-performance packaging manufacturer, is expanding its operations in Oconee County, South Carolina, with a $10 million investment. Officials say the multimillion-dollar expansion will create 10 new jobs. The company produces plastic drums, pails, and jars to safely handle and contain critical materials in the life sciences and fine chemicals industries. The company is expanding its current warehouse along Oconee Business Parkway in Westminster, with operations expected to be online next summer.Keep up with what's happening around our area by downloading the WYFF News 4 app on the App Store or Google Play. Source link...

The United States Department of Homeland Security (DHS) has proposed a $70,000 fee for international students seeking to work in the country, in the latest move by the Trump administration to tighten rules around foreign students and immigration. Under the proposed rule, schools would be required to pay the fee for every international student participating in the Optional Practical Training (OPT) programme, which allows eligible foreign students to work in jobs related to their fields of study while in school or after graduation. International students are generally eligible to work for one year after completing their studies through OPT, while graduates in certain science, technology, engineering and mathematics (STEM) fields can receive an additional two years. The proposed fee would be $70,000 for each student’s initial OPT application and $30,000 for each renewal, per report from AP News. The policy could affect Nigerian students and other international students who rely on OPT to gain work experience in the United States after completing their studies. American...

Ads by Money. We may be compensated if you click this ad.Ad The best overall job search site is LinkedIn, due to its reach and networking opportunities. The site draws so many visitors each month that top employers won't skip posting there, and it is easy to connect with current employees at companies where you'd like to apply.Look for job sites that offer something unique to make your search more efficient, whether that's social networking, anonymous company reviews, salary data or time-saving AI features. Specialized, industry-specific sites can also be good if you’re looking for jobs in a certain field or niche.Many job sites are free, but some charge for premium features or tools. Make sure to compare your options if you’re on a tight budget.Methodology: We researched 40 job search sites focusing on the accuracy...

Seema Shah, chief global strategist at Principal Asset Management, discusses the September jobs report. The U.S. economy added jobs at a slower pace than expected in September amid economic uncertainty. What are the key findings of the September 2026 jobs report?The Bureau of Labor Statistics on Friday reported that employers added 29,000 jobs in September. That figure was below the 90,000 estimate of economists polled by LSEG. The unemployment rate ticked higher to 4.2%, which was above economists' expectations of 4.1%, according to the LSEG poll. Revisions were made to the payroll numbers for the prior two months, with July revised down by 31,000 from a gain of 21,000 to a loss of 10,000; while August was revised down by 29,000 from a gain of 162,000 to 133,000.Taken together, employment in July and August is 60,000 lower than previously reported. MIKE ROWE WARNS US WORKFORCE FACING ‘PROBLEM OF THE DECADE’What sectors added or lost the most jobs in September 2026?Private payrolls grew by...

Ottawa has given the U.S. owner of Stelco five business days to share a plan to maintain jobs at the Hamilton-based steelmaker or face potential legal action. Ohio-based Cleveland-Cliffs said last week it plans to lay off as many as 500 workers as it idles certain steel production at Stelco, which the federal government says violates "binding commitments" made when it bought the company in 2024. In a letter to Stelco president Paul Simon on Monday, Industry Minister Mélanie Joly said Ottawa is prepared to seek a court ruling to enforce the agreement under the Investment Canada Act."The Government of Canada takes compliance with undertakings seriously," Joly wrote in the letter, obtained by CBC News on Tuesday. "Where an investor fails to comply with an undertaking, the Act provides remedies for breaches, including an application to the superior court for orders that may include directing compliance, divestiture, or monetary penalties."I trust that such steps will not be necessary."Cleveland-Cliffs acquired Stelco...

Geoff Bennett: We begin tonight with a key economic report that shows U.S. hiring slowing in September. Employers added just 29,000 jobs last month, less than economists had expected. The unemployment rate ticked up to 4.2 percent from 4.1 percent in August. Employment gains in July and August were also revised down by a combined 60,000 jobs. Amna Nawaz: The disappointing report has wide-reaching implications for consumer prices and interest rates, and it comes a month before Americans head to the polls for midterm elections.For more on this, we're joined now by Beth Hammack, president of the Federal Reserve Bank of Cleveland.Welcome to the "News Hour." Thanks...

American insurers have shed more jobs since early 2025 than they did during the financial crisis. Is AI to blame, and should Australia be concerned? ...

KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday, following reduced expectations of a United States Federal Reserve (Fed) interest rate hike amid weaker-than-expected US jobs data, which is weighing on the greenback.At 8 am, the ringgit rose to 4.0805/0870 against the US dollar from Friday’s close of 4.0820/0870.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the latest nonfarm payrolls (NFP) report showed that US job creation was lower than expected, with only 29,000 jobs added in September versus the consensus estimate of 90,000."The US unemployment rate also increased slightly to 4.2 per cent in September, after staying at 4.1 per cent for the previous two months."This suggests that the Fed may decide not to raise interest rates at its upcoming meeting on Oct 27-28,” he told Bernama. The ringgit traded higher against most major currencies at the opening.It rose against the Japanese yen to 2.5867/5910 from 2.5906/5941 at Friday’s close and strengthened against the euro to...