US Jobs Growth Misses Expectations, Sparking Stock Rally
The U.S. added only 29,000 jobs in September, significantly below economists' expectations and the previous month's figure, suggesting slower economic growth. This weaker-than-expected jobs report led to a rally in the stock market.
Wall Street got the bit of bad news it was hoping for. S. added just 29000 jobs in September, far fewer than economists expected and well below the prior month's total. The report suggested the economy may not be growing as quickly as many had thought.