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EconomySeptember Hiring Slumps to 29,000 — Slowest Month in Years as Fed Meeting NearsTaxesIRS Sending Automatic Refunds to 50,000+ Families for Unused Adoption Tax CreditsMortgage & HousingSeptember Home Sales Tick Up 1.5%, But Inventory Hits a Five-Year HighBankingCFPB to Probe Major Banks After Federal Report Finds Accounts Closed Over Political ViewsRetirementYour 2027 401(k) Limit Is Expected to Rise to $25,500 — How to Prepare NowEconomySeptember Hiring Slumps to 29,000 — Slowest Month in Years as Fed Meeting NearsTaxesIRS Sending Automatic Refunds to 50,000+ Families for Unused Adoption Tax CreditsMortgage & HousingSeptember Home Sales Tick Up 1.5%, But Inventory Hits a Five-Year HighBankingCFPB to Probe Major Banks After Federal Report Finds Accounts Closed Over Political ViewsRetirementYour 2027 401(k) Limit Is Expected to Rise to $25,500 — How to Prepare Now
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Today’s Lead Story
Monday, October 19

Economy

September Hiring Slumps to 29,000 — Slowest Month in Years as Fed Meeting Nears

via CNBC

The U.S. economy added only 29,000 jobs in September, well below forecasts of around 90,000, and the unemployment rate edged up to 4.2%. Annual wage growth slowed to 3.0%, its weakest pace since 2021.

Why it matters

Sluggish hiring can weaken income growth for many households, and the weak data will directly shape the Federal Reserve's October 27–28 rate decision — which sets the floor for mortgage, credit card, and car loan costs.

See all today’s storiesRead source

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