A sharply weaker-than-expected jobs report released Friday is raising concerns about the labor market as employers added just 29,000 jobs nationwide in September and the unemployment rate ticked up to 4.2%.
The latest report showed employers added 29,000 jobs nationwide in September, well below the 90,000 jobs economists had expected. The unemployment rate increased from 4.1% to 4.2%.
The report also comes as a key measure of consumer confidence experienced its biggest drop in a decade, adding to concerns about the broader economy…