Archive · 21 Nov 2025
US Job Growth Mixed in September, Gold Falls on Strong Data
The US job market had a mixed month in September.
More jobs were added than expected, but the unemployment rate went up because more people were looking for work.
This strong jobs report made investors less hopeful about a December rate cut, causing gold prices to fall.
The government shutdown made it hard to get the most accurate numbers, and the job market has been having a tough time this year because of high interest rates and trade uncertainty.
The government won't be able to tell us about October's job numbers until December because of the shutdown.
US economy added 119,000 jobs in September, beating expectations
Unemployment rate increased to 4.4% due to more people entering the labor market
August job growth revised downwards, showing a loss of 4,000 jobs instead of 22,000
Gold prices fell due to strong jobs data, dimming prospects for December rate cut
Government shutdown delayed the report and will also affect October's numbers
- Who
- US Labor Market
- What
- Mixed job growth and rising unemployment rate, gold price fall
- When
- September 2023
- Where
- United States
- Why
- Due to factors such as high interest rates, trade uncertainty, and seasonal quirks
Supply and Demand Factors
Economic Policies
Labor Market Slowdown
Supply and Demand Factors
Caused by low supply and demand for workers due to reduced immigration and AI
Economic Policies
Hampered by trade policies and uncertainty
- Job Growth (September)
- 119,000 jobs
- Unemployment Rate (September)
- 4.4%
- Job Growth (August - Revised)
- -4,000 jobs
- Estimated Monthly Job Growth Needed
- 30,000 to 50,000 jobs
- Government Shutdown Duration
- 43 days
Sources
US labor market slows: September jobs seen Up 50,000, unemployment at 4.3 per cent - Telegraph India
5 key highlights of the US Fed FOMC meeting minutes
US adds 119,000 jobs even as unemployment rises to 4.4% in September
US employers added surprisingly solid 119,000 jobs in September, govt says in delayed report
US job growth surprises in September as shutdown-delayed data shows 119,000 new hires
US jobs data after shutdown shows weak recovery as unemployment hits four-year high: Report
US Jobs Report: 119,000 Jobs Added in September, Unemployment at 4.4%
US job growth rebounds in September but unemployment rate rises to 4.4%
Why US ‘no-Hire, no-fire’ labour market trend may be ending in 2025
US posts solid job gains in September but unemployment rate rises to 4.4%
Gold falls as strong US jobs data dims prospects for December rate cut
