Employers added 29,000 jobs in September, missing economic forecasts

Employers across the U.S. added 29,000 jobs in September, below economists' forecasts and signaling that some businesses are holding off on hiring amid headwinds such as surging energy prices and higher inflation.
Economists had forecast the economy would add 90,000 new jobs last month, according to financial data firm FactSet. The unemployment rate stood at 4.2% in September, up slightly from 4.1% in the prior month.
Opens CBS News in a new tab