"The unemployment rate rose to 4.4% in September, the highest since October 2021 and up from 4.3% in August, the Labor Department said Thursday. The unemployment rate rose partly because 470,000 people entered the labor market-either working or looking for work-in September and not all of them found jobs right away. The increase in payrolls was more than double the 50,000 economists had forecast. But Labor Department revisions showed that the economy lost 4,000 jobs in August instead of gaining 22,000 as originally reported. Altogether, revisions shaved 33,000 jobs off July and August payrolls."
"Healthcare and social assistance firms added more than 57,000 jobs in September, restaurants and bars 37,000, construction companies 19,000 and retailers almost 14,000. But factories shed 6,000 jobs-the fifth straight monthly drop. The federal government, targeted by Trump and billionaire Elon Musk's DOGE cost cutters, lost 3,000 jobs, the eighth straight monthly decline.. Average hourly wages rose just 0.2% from August and 3.8% from a year earlier, edging closer to the 3.5% year-over-year increase that the Federal Reserve's inflation fighters like to see."
Federal payroll data showed a September gain of 119,000 jobs after a seven-week delay caused by a federal government shutdown. The unemployment rate rose to 4.4% as 470,000 people entered the labor force and not all immediately found work. Revisions reduced July and August totals by 33,000 jobs and turned August into a 4,000-job loss. Sector gains included healthcare, restaurants and bars, construction, and retail, while factories and the federal government shed jobs. Average hourly wages increased 0.2% monthly and 3.8% year-over-year. Data arrived amid economic uncertainty from high interest rates and trade-policy risks.
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