Main content

US jobs growth slows: is the world's largest economy cooling?

US jobs growth has slowed for a second month, with employers adding 263,000 new positions in September. The unemployment rate fell to 3.5% in the same period.

Jobs growth in the US has slowed down for the second month in a row. US employers added 263,000 new jobs in September, the fewest since April 2021, while unemployment fell to 3.5%. But what's it like if you're trying to recruit a worker or find a job? We hear from Tracie Sponenberg, Chief People Officer for The Granite Group in Concord, New Hampshire. Yulia Yan is among those looking for work, she tells us about the challenges she's facing.

The United States has announced new export controls on computer chips to China to prevent Beijing from using the technology for its military. American firms will be banned from selling certain chips used for supercomputing and artificial intelligence to Chinese companies. Bill Reinsch from Center for Strategic and International Studies explains the likely effect of the ban.

Sam Fenwick is joined by Marketplace reporter Andy Uhler in Austin, Texas and ABC senior business correspondent Peter Ryan in Brisbane, Australia.

(Image:Two multi-ethnic workers in their 30s talking in a metal fabrication plant wearing hardhats and protective eyewear. Credit: Getty Images)

Available now

50 minutes

Broadcast

  • Sat 8 Oct 2022 00:06GMT

Podcast