The unemployment rate in the United States rises despite employment exceeding expectations

The unemployment rate rose in the United States in September, despite employment rates exceeding analysts’ expectations, according to a late report published today, after the government shutdown, which lasted for a record period.
The world’s largest economic power added 119,000 jobs during September, an increase from August, but the unemployment rate rose from 4.3 to 4.4 percent, according to what the Ministry of Labor reported.
The last similar report was issued in early September, which means that today’s report is the first official overview of the overall labor market situation in more than two months.
It also means that the data is not recent, dating back to a time when the major labor market was weakening amid federal job losses and successive waves of tariffs.
However, the report will reflect on the Federal Reserve as policymakers will decide whether to cut interest rates for the third consecutive time this year during their next central bank policy meeting, expected in December.
The decline in the employment market could prompt the Federal Reserve to cut interest rates further in hopes of jumpstarting the economy, but officials are also trying to control inflation.
The Labor Department report showed that the employment situation is worse than August forecasts, with the economy losing four thousand jobs instead of recording gains.