Charting the Global Economy: US Jobs Growth Tops Forecasts

US employment growth exceeded forecasts while the jobless rate ticked higher in September, illustrating a tenuous labor market that is unnerving American consumers.

Despite the healthy advance in payrolls, employment gains lacked breadth across industries. Delayed by the federal government shutdown, the report offered Federal Reserve officials a dated snapshot of a job market that has more recently seen a pickup in layoff announcements.