US added 119,000 jobs in September in report delayed by federal shutdown

A picture


The US jobs market added 119,000 jobs in September, according to the latest monthly jobs report, which was delayed by six weeks due to the shutdown of the federal government,Amid heightened uncertainty surrounding the strength of the US economy, the much-anticipated reading was higher than the 51,000 jobs expected by analysts to be added in September,The unemployment rate, meanwhile, ticked up from 4,3% to 4,4%: its highest level since 2021.

And a previous estimate for jobs growth in August was downgraded – revealing an unexpected decline in the US workforce.The Bureau of Labor Statistics (BLS) revised down previous readings for July and August, which had already raised fears that growth in the labor market had stalled in recent months.The agency now estimates that US economy added 72,000 jobs in July, down from 79,000, and shed 4,000 jobs in August, down from growth of 22,000.Wall Street, also boosted by strong results from Nvidia, rose sharply.The benchmark S&P 500 was up 1.

7% during the morning session in New York, while the technology-focused Nasdaq Composite climbed 2.1%.September’s jobs report was initially scheduled to be released in October, only to be delayed by the shutdown.ADP’s unofficial private sector jobs report for September noted a loss of 29,000 jobs; its report for October pointed to an increase of 42,000 jobs.The complete official jobs report for October will not be released, the BLS said on Wednesday, as a result of the prolonged shutdown, during which data collection and processing was not conducted.

Official data on the number of jobs created or lost in October will be released alongside the full report for November, in mid-December, according to the BLS.With policymakers at the Federal Reserve due to convene for their latest interest rate-setting meeting in the coming weeks, Thursday’s data release strengthened expectations that they will probably sit on their hands, and keep rates on hold.Nancy Vanden Houten, lead economist at Oxford Economics, said: “The September jobs report may be backward looking but offers reassurance that the labor market wasn’t crumbling before the government shutdown.There is nothing in the data to warrant a change to our forecast for the Federal Reserve to leave rates unchanged at the December meeting.”Sagging job numbers incited Donald Trump to fire BLS commissioner Erika McEntarfer in August, following a weak July jobs report, as Trump made baseless claims the numbers were “rigged” to make him and Republicans look bad.

On Thursday, Senator Elizabeth Warren, a Massachusetts Democrat, said: “After sitting on it for weeks, Donald Trump finally released the September jobs report showing the unemployment rate is up,Businesses have announced a record number of layoffs, and hiring has slowed since Trump took office,It’s not surprising that he’s now refusing to release the October jobs report, despite the Administration’s legal obligation to publish employment data each month,“Trump says he wants lower interest rates, but is withholding the very data the Federal Reserve needs to make that decision next month,And it’ll be working families who will pay the price.

politicsSee all
A picture

Reform’s Welsh hopes damaged after Senedd member suspended for ‘vile’ racial slur

Reform UK’s only member of the Welsh parliament has been suspended for two weeks over a racial slur she posted in an office WhatsApp group.Laura Anne Jones used an offensive Chinese slur in a discussion about the threat of the Chinese government utilising TikTok for espionage.On Wednesday evening, the Welsh parliament voted for Jones, who defected from the Tories to Reform in the summer, to be suspended for a fortnight without pay.Jones’s suspension is a blow for Reform, which has high hopes of making dramatic gains in next year’s Senedd elections.When Jones joined Reform, its leader, Nigel Farage, said the party was confident the allegations against her would “all go away”

A picture

No 10 calls on Farage to urgently address ‘disturbing allegations’ of past racist behaviour

Keir Starmer has called on Nigel Farage to urgently address multiple and detailed allegations of racist behaviour during his teenage years, as the Reform leader attempted to dismiss the claims as “one person’s word against another”.Pressure was put on Farage by the prime minister over what Downing Street said were “disturbing allegations” after the Guardian reported the testimony of more than a dozen school contemporaries, including an award-winning director who claimed to have been targeted with antisemitic abuse.In the face of concerns raised by Labour, the Liberal Democrats and an extremism adviser to the last Conservative government, Farage’s spokesperson on Wednesday appeared to question whether it would be possible to remember events from the 1970s and early 1980s.“If things like this happened a very, very long time ago, you can’t necessarily recollect what happened,” the spokesperson claimed.Speaking in the Commons after a question from the Reform MP Lee Anderson at prime minister’s questions, Starmer said Farage needed to personally explain himself in the light of the Guardian’s reporting

A picture

China’s power play: MI5 warns of relentless espionage attempts in Britain

An unexpected connection on LinkedIn. An offer of work from a headhunter, most likely a young woman, based in China. The chance to earn perhaps £20,000 part-time writing a handful of geopolitical reports for a Chinese company peppered with “non-public” or “insider” insights. Payment in cryptocurrency or cash preferred.It may seem obvious, on this telling, that something about this approach would be amiss

A picture

A guttural groan in an energy-free zone: sullen resignation haunts PMQs

It’s like watching dead men walking. Or, to be accurate, a dead man and a dead woman walking. Ghosts of Christmas parties past, haunting the dispatch box. Cast your mind forward to a year from now. It’s more than likely that prime minister’s questions will look very different

A picture

‘He used to say things like ‘Hitler was right’’: Farage faces more allegations of racist behaviour at school

It had been a fun sleepover at Nigel Farage’s house and Jean-Pierre Lihou, a teenager with an appetite, was delighted with his schoolfriend’s mother’s hospitality. “I remember the fantastic cooked English breakfast, as opposed to what you get at a boarding house on a morning,” Lihou recalled. “I was a boarder and he was a day boy,” he said of their education at Dulwich college in south-east London.Farage was a great mimic, and funny with it, Lihou said. But over time he found there was a darker side to his 14-year-old friend

A picture

Uk politics: Streeting defends asylum policy, but says he’s not ‘comfortable’ with forced removal of children – as it happened

Wes Streeting, the health secretary, has defended the government’s new asylum policy – while admitting that he would not be “comfortable” about seeing families with small children deported.One feature of the plan is to increase the number of removals involving children. The Home Office says there has been too much “hesitancy” in this regard in the past.In an interview with LBC, asked if he would be happy to see families with young children forcibly removed from the country, Streeting said that the plan also involved encouraging people to leave voluntarily, and so the number of forced removals should be “low”.Streeting said that he supported forced removals because there was no point having a policy that was not enforced