The U.S. added 119,000 jobs in September, but there are signs of a weaker labor market

The September jobs report offered a crucial snapshot of the state of the U.S. labor market at a time of growing uncertainty.

The U.S. added 119,000 jobs in September, a stronger than expected figure and a sign that the economy was adding jobs at a healthy clip prior to government shutdown.

But the details of the report from the Bureau of Labor Statistics paint a more mixed picture, of a labor market that has recently begun to look more wobbly amid high-profile layoff announcements from a host of blue-chip companies.

September's employment gains were concentrated in health care, food and drinking establishments, and social assistance. Manufacturing shed 6,000 jobs, continuing a trend in a sector the Trump administration has touted as a key target of its economic policies. Transportation and warehousing also saw job losses totaling 25,300.

The unemployment rate climbed from 4.3% to 4.4% in September, though the pick up was due in part to an increase in the labor force, which the BLS said gained 450,000 new potential workers.

The pace of wage growth slowed.

https://www.nbcnews.com/business/business-news/september-jobs-report-release-rcna244863


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