Fewer School Jobs, Worker Shortages Restrain U.S. Employment In September

The U.S. economy created the fewest jobs in nine months in September amid a drop in hiring at schools and worker shortages, but ebbing COVID-19 cases and the end of generous unemployment benefits could boost employment gains in the months ahead. Though the Labor Department’s closely watched employment report on Friday showed the unemployment rate dropping to an 18-month low of 4.8%, that was in part due to people leaving the labor force. With workers still scarce, wage gains accelerated. Read more at Reuters.