US Job Growth Slows to 29,000 in September… Unemployment Rate Rises to 4.2%

US job growth in September fell far short of market expectations.

The U.S. Department of Labor's Bureau of Labor Statistics announced on the 2nd local time that nonfarm payrolls increased by 29,000 from the previous month.

The expert consensus compiled by Dow Jones was 84,000.

The actual increase in jobs was less than one-third of what experts had predicted.

The unemployment rate ticked up to 4.2%, slightly higher than the 4.1% recorded a month earlier.

(Photo: Yonhap News)
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