US added just 29,000 jobs in September in sharp drop from last month’s gains

Final jobs report before the midterm elections also shows the US unemployment rate rose slightly to 4.2% US employers added just 29,000 jobs in September, a sharp drop from last month’s gains, and unemployment rose slightly to 4.2%, a sign of a cooling labor market in the final jobs report before the midterm election. The numbers were under half of economists’ expectations of just under 70,000 new jobs . Most job gains were concentrated in the healthcare industry, which added 17,000 new jobs, while the information, financial and professional industries…