00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Carlisle Group released proprietary labor data showing U.S. hiring nearly stalled in September
00:07with just 17,000 jobs created, weakest pace since the 2020 recession.
00:12The report fills the data gap caused by the government shutdown,
00:15which halted an official Bureau of Labor Statistics reporting.
00:17The figure came in well below economists' forecasts of 54,000 and trailed August 22,000 gain.
00:23Job growth continued to slow through the summer,
00:25with June and July each adding 35,000 jobs that were later revised downward.
00:30An employment rate rose to 4.3%, marking its highest level since October 2021.
00:35Carlisle's data indicates the labor market is cooling as tighter monetary policy,
00:40tariffs, and restrictive immigration weigh on growth.
00:43For all things money, visit Benzinga.com.
Comments