The Economic Times

US adds disappointing 29,000 jobs and unemployment ticks up to 4.2% in September

The U.S. job market saw a sharp decline, with only 29,000 new positions added last month, pushing the unemployment rate up slightly to 4.2%. Economists had expected better results, predicting the creation of roughly 90,000 jobs. Consumer confidence has taken a hit as many Americans voice their worries about the economy and job prospects, a sentiment likely to impact the forthcoming elections amid widespread discontent over economic policies.