U.S. adds 29,000 jobs in September as unemployment hits 4.2%

The U.S. economy added just 29,000 jobs in September, with the unemployment rate rising to 4.2%, according to the Labor Department's monthly report flagged by CoinDesk. The soft headline reading signals cooling labor-market conditions after months of slowing hiring.

• Jobs growth came in well below the pace seen earlier in the year.
• The unemployment rate ticked up to 4.2% from its prior reading.

The data will factor into the Federal Reserve's next policy decision as crypto markets track macro signals for direction.