U.S. Adds 29,000 Jobs in September, Unemployment Rises to 4.2%

Why it matters locally: California's diverse economy, including its large technology, entertainment, and agricultural sectors, is sensitive to national employment trends, which can influence local hiring, consumer spending, and state tax revenues.

U.S. employers expanded payrolls by 29,000 jobs in September. The national unemployment rate reached 4.2% during the same period. Government data also showed revisions to job gains for previous months. Officials reduced the job additions for July and August by a combined total of 60,000. These adjustments indicate a slower rate of job market expansion.