US Payrolls Grew in September, But Jobless Rate Shows Fragility

US job growth topped expectations in September with nonfarm payrolls rising 119,000, but the unemployment rate continued to rise, hitting its highest level in nearly four years. Job gains were narrow, fueled primarily by hiring in health care and leisure and hospitality, while other sectors like manufacturing and transportation shed jobs, reflecting both more Americans participating in the workforce and more people losing their jobs. Bloomberg's Michael McKee joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break the numbers down ahead of next month's highly anticipated Fed meeting. (Source: Bloomberg)