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Fewer new jobs in the USA

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The USA has new news about jobs. In September, there are only 29000 new jobs. Experts think there are more new jobs. The old numbers are also worse than thought.

The jobless rate goes up a little bit. It is now 4.2 percent. Before, it is 4.1 percent. Wages also grow very slowly. This is less than people want.

The US bank watches these numbers. The bank is the Federal Reserve. It makes rules for money. Experts now think interest rates stay low.

The bad news comes before big elections. Many people in the USA are sad about money. Food and gas cost a lot more money. This is inflation.

President Donald Trump gets blame for this. People say his money plan is bad. Trump says the job numbers are very good. People still worry about money.

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Definitions

Jobless rate
This shows how many people have no work.
Interest rates
This is the price for money from a bank.
Inflation
Things cost more money now.
Federal Reserve
This is the big bank of the USA.
Elections
People vote for new leaders.

People

Donald Trump
Donald Trump is the president of the USA.

Locations

USA
The USA is a big country in North America.

Sources

Logo Al Jazeera
Al Jazeera

US job growth slows as unemployment rises before midterm elections

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Logo ZDFheute
ZDFheute

Midterms: Warum die Wirtschaft nicht die ganze Geschichte erzählt

Read now
Logo The Guardian
The Guardian

Top Democrats slam ‘Trump’s failing economic agenda’ after weaker-than-expected jobs growth – US politics live

Read now
Logo FAZ
FAZ

Business-Liveticker: Schwacher US-Arbeitsmarkt: Nur 29.000 neue Stellen im September | FAZ

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Südtirol News

US-Arbeitsmarkt im September schwächer als erwartet

Read now

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