US September Nonfarm Payrolls Add Only 29,000 Jobs, Sharpest Slowdown Since 2021 Sparks Recession Fears
The Washington Post reports the September nonfarm payrolls release shows the US economy added just 29,000 jobs in September, well below market expectations and the weakest single-month print since 2021. Bond yields moved on the print, with markets now betting the Fed will accelerate rate cuts.