U.S. Labor Market Shifts to a Lower Gear
The economy added fewer jobs in September and unemployment ticked up, while inflation has maintained pressure on markets and raised costs.


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The economy added fewer jobs in September and unemployment ticked up, while inflation has maintained pressure on markets and raised costs.

Unemployment ticked up to 4.2% in September, while employers pulled back on hiring amid economic headwinds.

The University of Michigan survey's headline index landed at 48.1 in September, down from 51.7 in August.
The Conference Board's Leading Economic Index fell by 0.1% to 99.5 as consumer expectations remained a significant strain.
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Available positions rose slightly to 7.3 million from 7.2 million in June, according to the Labor Department's monthly job openings and labor turnover survey.
The Conference Board's Leading Economic Index rose by 0.2% to 99.5, indicating that moderate growth could be coming.
Jobs and unemployment sent conflicting signals, but fewer people were actively looking for work. The unemployment rate fell to 4.1%.
The Conference Board's Leading Economic Index slid by 0.2% on weakening consumer spending following increases in May and April.
Though the amount of booked work decreased last month, the metric remained historically high, said Anirban Basu, chief economist at ABC.

The U.S. economy added fewer jobs than expected in June, with job gains cooling from a strong spurt this spring. The unemployment rate fell to 4.2% in June.
The Conference Board's Employment Trends Index rose to 105.77 in April, from a downwardly revised reading of 105.52 in March.
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Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.

The Consumer Price Index, which tracks the changing costs of goods, rose in June for the second month in a row. Kelly O'Grady breaks down what that means.

New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.

The moves come after the S&P 500 finished Wednesday's session flat.

The number of Americans applying for unemployment benefits dipped to 245,000 last week amid uncertainty over President Donald Trump's trade policies

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The gauge of new residential construction rose 1.6% last month to 1.36 million, according to the Commerce Department.
An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even…
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