cross-posted from: https://piefed.world/c/economy/p/1439158/economy-adds-just-29000-jobs-in-september-wage-growth-slows-to-3

• Job growth slowed sharply, with just 29,000 jobs added in September and the three-month average falling to 51,000.
• Wage growth weakened further, reaching 3.0 percent year-over-year and 2.6 percent annualized over the latest three months.
• Health care and social assistance drove job growth, accounting for 23,000 of September’s 29,000 new jobs.
• Evidence of AI-driven job losses remains limited, with declines concentrated in sectors such as insurance, publishing, and motion pictures.
• The labor market is weakening beneath the headline unemployment rate, with fewer workers quitting voluntarily and several disadvantaged groups seeing higher unemployment.
• There is little evidence of an AI-driven productivity boom so far, with estimated productivity growth only slightly above recent trends.