Economy

US economy adds just 29,000 jobs in September as hiring slows sharply

• The US economy added 29,000 jobs in September, as hiring slowed sharply
• US hiring weakness may affect Indian IT firms through client spending and Fed-rate expectations

Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%

• US nonfarm payrolls rose by 29,000 in September, versus 84,000 expected
• Unemployment rose to 4.2%, from 4.1% expected
• A softer US jobs market may affect Indian IT exporters through client demand and global rate expectations

‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected

• US employers added 29,000 jobs in September, far below economists’ 90,000 expectation
• The unemployment rate rose to 4.2%
• Weaker US demand may weigh on Indian IT exporters’ growth prospects

US adds 29,000 jobs in September as unemployment rises to 4.2%

• Hiring fell from a revised 133,000 in August to 29,000 in September
• Unemployment rose to 4.2% from 4.1% in August
• US demand signals matter to Indian IT services companies reliant on American clients

US jobs growth falls sharply to 29,000 in September; rate-hike bets tumble, futures surge

• US employers added 29,000 jobs in September, below expectations of 84,000–90,000
• Rate-hike bets tumbled and futures surged after the weak jobs figure

U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%

• The US added 29,000 jobs in September and unemployment rose to 4.2%
• Traders priced a 23% chance of a second Fed rate hike at its policy meeting later this month
• US rate expectations influence foreign flows into Indian equities and funding conditions for Indian companies

Reaction roundup: Experts, analysts weigh in on September jobs report