slows

US job growth slows as unemployment rises before midterm elections | Business and Economy News

Job growth in the United States slowed in September, falling short of economists’ expectations as the unemployment rate rose in the final jobs report before the consequential midterm elections.

The US economy added 29,000 jobs in September, according to the Labor Department’s report released on Friday, far below economists’ expectations. Dow Jones had forecast 84,000 jobs, while economists polled by Reuters said they expected 90,000 job additions.

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The unemployment rate also rose by 0.1 percentage point, from 4.1 percent to 4.2 percent.

The healthcare sector led the gains, accounting for the majority of new jobs. The industry added 17,000 jobs, marking a slowdown from an average of 33,000 jobs per month over the past year. Construction added 11,000 jobs, while manufacturing added 9,000.

Financial activities, which include sectors such as commercial banking and insurance, shed 7,000 jobs.

Most other sectors were largely unchanged, including retail, oil and gas extraction, and leisure and hospitality.

“Today’s disappointing report shows the labour market is grinding to a halt, marked by slow hiring and declining real wages that leave workers with very little leverage,” Kyle Moore, chief economist at the think tank The Century Foundation, said in remarks provided to Al Jazeera.

Previous jobs reports were also revised downward. July was revised from an initial gain of 21,000 jobs to a loss of 10,000 jobs. August was revised down by 29,000 jobs, from 162,000 to 133,000.

Wages grew by 3 percent, marking the slowest annual wage increase in five years.

Friday’s jobs report caps a week of weakening economic data before the consequential midterm election on November 3.

According to an AP-NORC poll released on Thursday, 61 percent of Americans polled said the US economy is worse off now than when Trump took office in January 2025.

“When businesses are barely hiring and raises aren’t keeping up with rising prices, it’s a stalled economy – and working families are stuck in it,” Breyon Williams, chief economist for Groundwork Collaborative, an economic policy think tank, said in a statement.

Trump has been trying to change the narrative on the slumping economy. On Monday, he said in a Truth Social post that “The United States has the BEST Employment Numbers in HISTORY.”

Stalling growth

On Tuesday, the US Labor Department released the Job Openings and Labor Turnover Survey, or JOLTS report, which showed little change, suggesting what economists call a low-hire, low-fire environment. That means those who have jobs are generally not leaving for new ones, while employers are maintaining the status quo rather than expanding.

On the other hand, ADP’s private payroll report, released on Wednesday, showed that 90,000 jobs were created across the private sector. The sheer number of layoffs fell, too, according to Challenger, Gray & Christmas. The report, released Thursday, showed that employers cut more than 43,000 jobs in September, marking an 18 percent decline in layoffs from August.

Friday’s jobs report comes before the Federal Reserve’s final policy decision before the midterm election. During its two-day policy meeting on October 27-28, the central bank will decide whether to raise, cut or maintain interest rates.

The odds increasingly suggest the Fed will hold rates steady in the 3.75-4.00 percent range, according to CME FedWatch, a tool that tracks the likelihood of monetary policy decisions. The FedWatch tool indicates there is currently a 77.3 percent chance that rates will hold steady, up from 35.8 percent this time last week.

US markets are trending upward on the heels of the report. The tech-heavy Nasdaq is up 1.5 percent, the Dow Jones Industrial Average is up 0.6 percent and the S&P 500 is up 1.1 percent in midday trading.

The price of gold, which is largely considered a safe investment during times of economic uncertainty, rose 1.1 percent to $4,223.49 amid the jobs report.

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Crenshaw slows down Cleveland, but Cavaliers still pull out the win

The dominant rushing attack that earned them four lopsided wins to start the season was more methodical than punishing, but Cleveland High still ground out a 24-18 nonleague victory Friday over host Crenshaw.

The Cavaliers improved to 5-0 with the win, while the Cougars fell to 4-2.

Cleveland, which entered the game averaging 258 yards rushing per game, were held to barely more than 200 on Friday, most of them scored by senior running back Moyosoreoluwa Odebunmi, who rushed for two scores.

The loss spoiled the season debut of Crenshaw’s Ethan Grant. The transfer from Los Angeles High threw two touchdowns in his first game for the Cougars, but a fumble in the end zone erased one potential score, and three consecutive dropped passes on Crenshaw’s final drive of the game prevented a comeback.

Crenshaw dominated early, Caden Baker stripping the ball from Odebunmi near midfield on Cleveland’s first possession and scoring on the 50-yard fumble return. On the Cougars’ next possession, Grant threaded a pass through two Cavalier defenders, finding Kyion Rattler for an apparent 55-yard score. But Rattler fumbled right before crossing the goal line, turning the ball over That’s when Odebunmi reeled off his best run of the night, a 58-yarder down the right sideline, to tie the score 6-6.

After Grant’s 60-yard score to Rattler put the Cougars up 12-6, Cleveland drove 80 yards in 12 plays, keyed by three completions by quarterback Domenik Fuentes and punctuated by Joseph Hurtado’s one-yard touchdown run. After the two-point conversion, Cleveland led 14-12.

Three plays later, Crenshaw took the lead again on a 21-yard strike from Grant to Joshua Jones. But the Cougars failed on their third two-point conversion of the first half, which ended with them leading 18-14.

Neither offense did much in the second half after Cleveland scored on its first play from scrimmage, a 32-yard touchdown by Odebunmi. Crenshaw was limited to two first downs in the second half while Cleveland added a safety by Cobe Green early in the fourth quarter to make the score 24-18.

“First half we shot ourselves in the foot a good number of times” Cleveland coach Mario Guzman said. “Our biggest thing is we want to play disciplined and we were a little undisciplined in that first half. So we challenged ourselves at halftime to get back to our roots, to be disciplined, physical and fast. And we really rose to the occasion in the second.”

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