US Economy Adds 29,000 Jobs in September Amid Sharp Hiring Slowdown
UKPulse Money Desk
The US economy added 29,000 jobs in September, a figure that has led traders to reduce their expectations for Federal Reserve rate increases.
- The US economy added 29,000 jobs in September.
- Hiring in the US slowed sharply during September.
- Traders have reined in bets on Fed rate rises following the jobs figure.
The US economy saw a significant slowdown in hiring during September, with just 29,000 jobs added. This figure represents a sharp decrease in the pace of job creation.
Following the release of this jobs data, traders have reportedly begun to reduce their expectations regarding future interest rate increases by the Federal Reserve.