US employers add just 29,000 jobs as unemployment rate rises
Summarised from 2 outlets · Updated 3 Oct, 16:13 · Archive
US employers added only 29,000 jobs last month and the unemployment rate increased, the government reported.
The US labour market showed signs of weakness in the latest monthly data released on Friday. Employers added just 29,000 jobs, a figure described as disappointing, whilst the unemployment rate rose.
Separately, mortgage rates have climbed to nearly their highest level in three years, adding pressure on the housing market as borrowing costs increase.
How it is being reported
- America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year highClickorlando · 2 Oct, 15:24
- America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year highNews4Jax · 2 Oct, 15:24
In this story: United States
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