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US job growth topped expectations in September but the unemployment rate continued its march higher, underscoring the lingering fragility of the labor market.
The Bureau of Statistic’s latest jobs report, long delayed due to the government shutdown, showed nonfarm payrolls rose 119,000 in the month after declining in August. The unemployment rate, meanwhile, rose to its highest level in nearly four years — reflecting both the positive dynamic of more Americans participating in the workforce and the gloomier reality of more people losing their jobs.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Michelle Jamrisko is in for Kailey. Joe and Michelle speak with:
- Bloomberg Economics Chief US Economist Anna Wong.
- Ipsos US Public Affairs Chair Cliff Young.
- Stonecourt Capital Partner Rick Davis and ROKK Solutions Partner Kristen Hawn.
- Republican Congressman Andrew Garbarino of New York.
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