US unemployment rose to 4.2% as mortgage rates hit a nearly three-year high

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.