US adds 119,000 jobs in September but unemployment hits four-year peak

In September, US employers added 119,000 jobs, surpassing expectations. However, the unemployment rate rose from 4.3% to 4.4%, indicating a mixed labor market performance. This data reflects ongoing challenges as the economy navigates recovery.

US non-farm payrolls increased by 119,000 in September, exceeding forecasts after a surprising job loss in August. The unemployment rate remained steady at 4.4%. This growth indicates a rebound in the job market despite previous setbacks.

The US added 119,000 jobs in September, exceeding the estimate of 51,000, according to the Bureau of Labor Statistics. The unemployment rate rose to 4.4%, while hourly earnings increased by 0.2% from the previous month. The release of the September jobs report was delayed due to a government shutdown.

Federal Reserve official Michelle Hammack has expressed concerns that further interest rate cuts could jeopardize financial stability. Hammack highlighted the risks associated with lowering rates too quickly, suggesting that such actions might lead to unintended consequences in the financial system. Her remarks come amid ongoing discussions about monetary policy adjustments as the Fed navigates economic uncertainties.

Federal Reserve official Hammack has cautioned against further interest rate cuts, highlighting potential inflation risks. Hammack's comments reflect concerns within the Fed regarding the impact of monetary policy on inflation, suggesting a more cautious approach moving forward.

US weekly jobless claims have decreased, indicating a potential improvement in the labor market. However, continuing claims have risen, suggesting that some individuals are remaining unemployed for longer periods. This mixed data reflects ongoing challenges in the job market as the economy continues to recover.

In September, the US economy added 119,000 jobs, surpassing expectations despite a rise in the unemployment rate to 4.4%. This job growth follows unexpected losses in August, indicating a rebound in the labor market. Analysts are closely monitoring these developments as they assess the overall economic landscape.

US stock futures have extended gains following the release of September jobs data, which showed that employers added 119,000 jobs, surpassing expectations. Despite this positive news, the unemployment rate rose slightly to 4.4%, indicating mixed signals in the labor market. This development reflects ongoing economic recovery efforts in the US.