Washington (HRNW) — The Bureau of Labor Statistics (BLS) in the United States has reported the creation of 119,000 new jobs—surpassing expectations—despite growing signs of weakness in the overall labor market.
According to the World News Agency, the report was originally scheduled for release on October 3 but was delayed due to the government shutdown. The latest figures indicate that while job growth continued before the shutdown, the broader labor market is showing decline.
The strongest employment gains were recorded in health care, restaurants and food services, and social assistance sectors. However, the manufacturing sector lost 6,000 jobs—an area emphasized heavily in the Trump administration’s economic agenda. In addition, the transportation and warehousing sector saw a loss of 25,300 jobs.
Despite the creation of millions of new employment opportunities, the unemployment rate rose from 4.3% to 4.4% in September. Experts attribute this increase to the entry of 450,000 new individuals into the labor force.
Wage growth has slowed as well, adding to concerns regarding the economy’s overall strength.
In the absence of timely official data, private sector reports have highlighted troubling trends. In recent weeks, major corporations—including Amazon, General Motors, IBM, Microsoft, Paramount, and others—have announced thousands of layoffs. Verizon also revealed plans to cut 13,000 jobs. In total, around 39,000 layoff notices were issued in October—levels not seen since May or during major economic crises.
Support independent journalism and help us continue reporting stories that matter.
Make a contribution here: https://www.hrnww.com/?page_id=459
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.