September jobs numbers weaker than expected

… <iframe title="Monthly job changes" aria-label="Column Chart" id="ap-chart-AyMts" src="https://interactives.ap.org/embeds/AyMts/100/" scrolling="no" width="100%" style="border:none" height="518"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data["datawrapper-height"][a]+"px"}}}))}();</script> <p class="embed-caption"> </p> </div> </div> </div> </div> <p>Hiring dropped from a revised 133,000 in August, the Labor Department said. The unemployment rate rose to a still-low 4.2% from 4.1% in August.</p><p>Economists had expected September payrolls to come in around 90,000.</p><p>Labor Department revisions also shaved 60,000 jobs off combined July and August payrolls. </p><p>The new hiring data could draw the Federal Reserve’s attention back to hiring and jobs, given that one of the central bank’s two mandates is to seek maximum employment. Many Fed officials have said in recent weeks that they are primarily focused on their other mission, which is combating inflation. With the job market looking a bit weaker, the Fed may be more inclined to keep its key rate unchanged when it meets next month, rather than raise it.</p> …