Powell said the Unemployment Rate was now more important than payroll numbers…4.4% is a new cycle high. Highest since 2021. Fed officials voicing concerns about private credit lately.

https://twitter.com/spice1975503/status/1991520334458343476



Why the unemployment rate rose even though the economy added 119,000 jobs in September

A delayed jobs report showed U.S. employers added 119,000 jobs in September, surpassing expectations, but downward revisions for the prior two months and an upward tick in unemployment tempered economists’ outlooks.

The Bureau of Labor Statistics report, delayed more than a month due to the federal government shutdown, showed job growth was concentrated in private education and health services, leisure and hospitality, and state and local government.

The unemployment rate inched up from 4.3% in August to 4.4% in September, the highest in nearly four years. Job gains for July were revised down 7,000, from 79,000 to 72,000. The initially reported 22,000 increase for August was revised to a loss of 4,000 jobs.

The 119,000 increase “takes some of the sting out of” August’s downward revision, according to Nancy Vanden Houten, lead economist at Oxford Economics.

https://www.usatoday.com/story/money/2025/11/20/why-unemployment-rose-in-september/87373499007/