US job growth falls short of expectations, unemployment rises slightly in September
US Department of Labor data shows job growth below expectations and a rise in unemployment in September
Translated by Qiyas from كونا — Original source
Washington, Sept 2 (KUNA) – Official data released by the U.S. Department of Labor on Friday showed that job growth in the United States in September fell short of analysts’ expectations, while the unemployment rate edged up compared with the previous month. According to the monthly report issued by the Bureau of Labor Statistics, the U.S. economy added 29,000 jobs in September, a figure below the expectations of economists, who had projected an increase of around 90,000 jobs. The report also showed that the unemployment rate rose to 4.2 percent in September, up from 4.1 percent in August. Labor market data are of great importance to the Federal Reserve (the U.S. central bank), as they serve as key indicators for assessing economic conditions and inflationary pressures, and for informing its monetary policy and interest rate decisions. (End) R.S.R. / M.N.F.
