US adds more jobs than expected in September

The US added 119,000 jobs in September, more than expected, although the unemployment rate rose slightly to 4.4%. The government shutdown delayed the release of this data, leaving policymakers uncertain about the job market. Pressure is mounting for the Federal Reserve to cut interest rates to support the economy, as job growth has been stagnant since April amid concerns about AI, immigration changes, and other economic factors impacting businesses. Job cuts have also increased, with companies like Amazon and UPS announcing reductions.