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Job Market Stumbled In September, Adding Fewer Jobs Than Expected
It’s been difficult to find a job if you don’t already have one in the “low-hire, low-fire” labor market.Credit: Joe Raedle / Getty ImagesKey TakeawaysThe U.S. economy added fewer jobs than expected in September, creating just 29,000 positions compared to 133,000 in August.The weak job market is holding down wages, which grew just 0.1%, not keeping up with inflation.The faltering job market reduces the chances the Federal Reserve will raise interest rates at its next meeting at the end of the month.It turns out the job market is on a weaker footing than previously believed.U.S. employers…
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