US Job Growth Falls Short of Forecasts as Firms Remain Cautious
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The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs. Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months. The unemployment rate rose to 4.2%, partly reflecting a growing workforce. Rebecca Patterson, Senior Fellow at Council on Foreign Relations and Former Chief Investment Strategist at Bridgewater, reacts to US jobs.
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