Updated

U.S. nonfarm payrolls rose by just 29,000 in September, far below the 84,000 forecast, while the unemployment rate climbed to 4.2%, according to the Bureau of Labor Statistics. The weak print signals a faltering labor market and adds to evidence of cooling economic momentum heading into the fourth quarter. Separately, analysis showed men have been losing ground in the labor market, with women outnumbering men in the workforce for eight consecutive months through September, highlighting a structural shift alongside the broader slowdown. The data is likely to factor into the Federal Reserve's upcoming policy deliberations.