US added 29,000 jobs in September — CNBC

In the United States, the number of nonfarm jobs increased by 29,000 in September on a seasonally adjusted basis. The unemployment rate rose to 4.2%, CNBC reports, citing the US Bureau of Labor Statistics.

Figure below forecast

The agency released the data on Friday, October 2. According to its information, the US economy created fewer jobs in September than economists had expected.

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Economists surveyed by Dow Jones forecast an increase of 84,000 jobs and an unemployment rate of 4.1%. The actual increase was 55,000 lower than forecast, while unemployment was 0.1 percentage points higher.

Market reaction

CNBC notes that the weaker-than-expected figures point to an unexpected weakening in the US labor market. CNBC also reported that amid these data, Dow futures rose by 400 points, while yields declined.