U.S. Economy Falls Way Short of Projected Added Jobs in September

Beth Ann Bovino, U.S. chief economist at S&P Global Ratings, joined Cheddar following the dismal jobs report, showing the U.S. economy added just 194,000 jobs in September, much lower than the 500,000 expected. She speculated that companies are having a difficult time filling roles because of fears linked to COVID and the possibility of limited childcare. Bovino also noted that businesses can no longer lean on enhanced unemployment benefits as a reason why jobs are not being filled since the program has ended.
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