U.S. Job Growth Slows

Hiring slowed sharply in September, missing forecasts as unemployment ticked up.

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Updated 12:00pm ET

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What happened

The U.S. economy added about 29,000 jobs in September, far below forecasts, while unemployment rose to 4.2%. The Labor Department also revised earlier estimates down, turning July into a small job loss and cutting August’s gain. The report followed a stronger private-payroll reading and landed as the Federal Reserve weighs whether inflation still requires higher interest rates. Unemployment rose partly because the labor force expanded, not because layoffs surged. Hiring was concentrated in health care, construction and manufacturing, while several white-collar sectors lost jobs. Markets moved toward expecting no October rate hike, with Treasury yields falling and stocks rising. The Fed meets late this month.

How each side covered it

From the left

Left-leaning outlets led with a cooling labor market and treated the report as evidence that economic momentum is fading. The Guardian emphasized the sharp slowdown after stronger recent gains, casting the figure as a disappointment. The Daily Beast framed the report as a political setback for Trump and Republicans before the midterms. The New York Times focused on investors paring back expectations for another Fed rate hike.

From the right

Right-leaning outlets also stressed weak hiring, but gave more space to reasons the headline may overstate the slowdown. The New York Post centered the miss against forecasts and the uptick in unemployment as signs of cooling. It also argued the data gave the Fed more room to delay another rate increase. Newsmax highlighted seasonal quirks and labor-force shifts as reasons not to read the number as a major break.

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