Hiring nearly stalls: just 29,000 jobs added in September as unemployment hits 4.2%
US News9 min

Hiring nearly stalls: just 29,000 jobs added in September as unemployment hits 4.2%

The latest labor report from the Bureau of Labor Statistics reveals a sharp deceleration in American hiring, with employers adding only 29,000 payrolls in September while prior months saw combined downward revisions of 60,000 jobs. The national unemployment rate ticked up to 4.2 percent, and wage growth slowed to 3.0 percent year-over-year, dropping behind inflation. Also in this briefing: Hurricane Isaias kills at least four in Florida and Alabama; a Houthi missile strike on Riyadh airport kills 12 people; and an Alaska Native girl who died at the Carlisle Indian Industrial School is buried at home after more than a century.

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Show notes

September job growth stalled at twenty-nine thousand positions, falling far short of economist projections.

Downward revisions revealed the economy actually lost ten thousand jobs during the month of July.

Real wages declined as three point four percent inflation outpaced annual pay growth.

Hurricane Isaias caused four fatalities and left nine hundred thousand customers without power.

A Houthi missile strike on Riyadh airport killed twelve people and injured over three hundred.

Five million seniors will lose their Medicare Advantage plans for the twenty twenty-seven plan year.

In this episode
  1. 01Intro1 min
  2. 02Hiring nearly stalls: just 29,000 jobs added in September as unemployment hits 4.2% — the data2 min
  3. 03Hiring nearly stalls: just 29,000 jobs added in September as unemployment hits 4.2% — the outlook2 min
  4. 04Isaias kills at least four in Florida and Alabama, flood threat moves to the Mid-Atlantic1 min
  5. 05Houthi missile hits Riyadh airport as Washington weighs a response1 min
  6. 06Where things stand1 min
  7. 07Alaska Native girl who died at Carlisle boarding school is buried at home a century later2 min
  8. 08Outro1 min
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Hiring nearly stalls: just 29,000 jobs added in September as unemployment hits 4.2% — Fylom