US adds just 29,000 jobs in September as July and August are revised lower
The US economy added 29,000 jobs in September, according to the Labor Department, with health care, construction and manufacturing adding jobs while government shed them. July and August were revised lower by a combined roughly 60,000 jobs, and average hourly earnings came in below estimates. Yahoo Finance Host Julie Hyman, Breaking Business News Reporter Jake Conley and Senior Autos Reporter Pras Subramanian break down the sectors, why the market is treating bad news as good news as bond yields fall, what it means for the Fed, and whether AI is starting to show up in manufacturing and financial jobs.
Watch The 8:30 live weekdays 8:30-9:30am ET.
00:00 Where the September job gains came from
00:54 Health care hiring slows
01:15 July and August revised lower
01:51 Bad news is good news for markets
02:20 What the jobs report means for the Fed
02:42 Manufacturing vs. finance: An AI signal?
03:33 Is 29,000 jobs enough? The break-even rate
04:18 Wages fall short
#JobsReport #Economy #Fed #YahooFinance
==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571
