Report
US unemployment rose to 4.2% as mortgage rates hit a nearly three-year high
An AP report carried by The Economic Times says employers added just 29,000 jobs in September, while consumer confidence fell to its lowest since 2014.
TLDR
AP reports in The Economic Times that US unemployment rose from 4.1% to 4.2% in September as employers added 29,000 jobs. The average 30-year fixed mortgage rate reached 7.28%, its highest in nearly three years. Consumer confidence fell to its lowest since 2014, though inflation eased slightly in August and second-quarter GDP growth was revised higher.
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