Slow US Job Growth Sends Shockwaves Through Markets

The US economy added just 29,000 jobs in September, marking a slowdown in labor market growth. The unemployment rate also ticked higher, signaling economic uncertainty ahead of the November elections.

G7 countries plan to release up to 100 million barrels of diesel and crude oil reserves to stabilize global energy markets. This move aims to address concerns about supply constraints and price volatility.

US stocks rose after the soft jobs data, with the Nasdaq reaching an intraday record led by gains in Nvidia (NVDA). The Federal Reserve is also under scrutiny for its handling of costs, as it hands control of its headquarters renovation to the GSA amid cost overruns.