Hiring fell far below economist's expectations last month.
October 8, 2021, 12:39 PM
• 1 min read
Share to FacebookShare to TwitterEmail this articleHiring in the U.S. fell far below expectations last month, with employers adding just 194,000 jobs versus the expected 500,000, the Department of Labor said Friday.
The unemployment rate dipped slightly to 4.8%, the DOL added Friday, but the latest hiring data comes after dismal job growth seen in August as well.
The more-contagious delta variant's impact on the recovery is likely reflected in the disappointing figures, as the labor market still finds itself at the mercy of the virus.
This is a developing story. Please check back for updates soon.
