September’s jobs report disappoints — Here’s what three experts are watching

September’s jobs report disappoints — Here’s what three experts are watching

A miss on the jobs report has not . The came in at 194,000, as opposed to expectations of 500,000. But the was trading slightly higher by midafternoon and heading to close out Friday with weekly gains. Three experts break down what they're watching. Diane Swonk, chief economist at Grant Thornton, highlights where she sees the next struggle for the labor market. "The delta distortions and Hurricane Ida, those are now receding to the back door and are on the sidelines. We have to also keep in mind that this was the month when millions of workers, over 6 million workers, lost their unemployment insurance, and labor force participation actually ticked down a bit. The number of women able to rejoin the labor force was hurt by the fact that schools reopened and then went back into quarantine. That inconsistency, the issues of child care and mobility and upskilling, are all still plaguing the labor market. For those workers on the sidelines, trying to bring them back into the fold again, that's where the real challenge is going to be going forward." David Kelly, chief global strategist at JPMorgan Asset Management, discusses what this means for the Federal Reserve. "The