U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report

WASHINGTON AP U S employers added a surprisingly solid jobs in September the authorities announced issuing a key economic record that had been delayed for seven weeks by the federal authorities shutdown The unemployment rate rose to from in August the Labor Department announced Thursday The increase in payrolls was more than double the economists had forecast But Labor Department revisions presented that the market system lost jobs in August instead of gaining as originally revealed During the -day U S executive shutdown investors businesses policymakers and the Federal Reserve were groping in the dark for clues about the vitality of the American job region because federal workers had been furloughed and couldn t collect the information The account comes at a time of considerable uncertainty about the commercial sector The job sector has been strained by the lingering effects of high interest rates and uncertainty around Trump s erratic campaign to slap taxes on imports from almost every country on earth But economic upsurge at midyear was resilient The Federal Reserve policymakers are divided over whether to cut interest rates for the third time this year when they meet next month Economists expected to see a continuation of what was happening in the spring and summer weak hiring but limited layoffs an awkward pairing that means Americans who have work mostly enjoy job protection but those who don t often struggle to find employment The job sphere has been strained this year by the lingering effects of high interest rates engineered to fight a - spike in inflation and uncertainty around Trump s campaign to slap taxes on imports from almost every country on earth and on specific products from copper to foreign films Labor Department revisions in September indicated that the financial sector created fewer jobs than originally published in the year that ended in March That meant that employers added an average of just new jobs a month over that period not the first disclosed Since March job creation has slowed even more to an average a month During the - hiring boom that followed COVID- lockdowns by contrast the market system was creating jobs a month President Donald Trump s crackdown on illegal immigration is expected to reduce the number of people looking for work which means that the economic activity can create fewer jobs without sending the unemployment rate higher With September numbers out businesses investors policymakers and the Fed will have to wait awhile to get another good look at the numbers behind the American labor sphere The Labor Department stated Wednesday that it won t won t release a full jobs summary for October because it couldn t calculate the unemployment rate during the leadership shutdown Instead it will release specific of the October jobs material including the number of jobs that employers created last month along with the full November jobs review on Dec a couple of weeks late That puts an even more intense focus on September jobs numbers circulated Thursday They are the last full measurement of hiring and unemployment that Fed policymakers will see before they meet Dec - to decide whether to cut their benchmark interest rate for the third time this year AP Economics Writer Christopher Rugaber contributed to this assessment Source