The Daily Money: Job growth slows amid inflation and rising interest rates.

Employers added 263,000 jobs in September. But a relatively resilient labor market may spur more interest rate hikes that threaten recession. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, October 7 It's here! Happy Friday. It's Charisse Jones with the Daily Money headlines to keep you in the know as we head into the weekend. Employers are still adding jobs but at a slower pace as high inflation and increasing interest rates take some of the wind out of the economy's sails. Employers added 263,000 positions in September and the jobless rate dipped from 3.7% to 3.5%, a 50-year low, according to the Labor Department. But a relatively resilient job market may spur the Fed to do more interest rate hikes that many economists worry could push the U.S. into a recession next year.   Inflation hits small businesses especially hard The number of Americans setting out to start a business hit a record level last year, at 5.4 million, according to a White House announcement in the spring. But inflation is taking a heavy toll on entrepreneurs, according to an August survey by the National Federation of Independent Business. Inflation, which has been hovering near a 40-year high, is the top challenge for 29% of small businesses, the survey found. Some are turning to microloans to keep going.   📰 More stories you shouldn't miss 📰 Home buyers say the ball's now in their court. As mortgage rates rise, and more houses for sale sit, buyers are increasingly asking for fixes and even closing costs before they make a deal.  Biden stops by IBM. The president's visit to the company's campus in Poughkeepsie, New York highlighted the administration's efforts to invest more in home grown high-tech research and development, with the hope that more manufacturing will return to the U.S. 🍔 Today's Menu 🍔 Drink up! (And responsibly.) The list of the World's 50 Best bars is out and Paradiso in Barcelona took the top spot. But eight of the most esteemed watering holes were in the U.S., and six of those were in New York City. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you. Follow Charisse Jones on Twitter: @charissejones. US adds 263,000 jobs in September as economy slows, interest rates... The Fed is scrutinizing the monthly U.S. jobs reports to gauge whether inflation is slowing enough for officials to ease their aggressive rate hikes. Peloton cuts 500 jobs as 'necessary step' to save company Entrepreneurs who struggle with inflation find comfort in micro loans Biden's IBM stop: What it means for tech development, NY jobs Home buyers are suddenly calling the shots: 'It's like whiplash' Job cuts rose in September. What does it mean for you? Get ready thrifters: Goodwill launches GoodwillFinds.com so you can... The world's 50 best bars have just been announced. US has the most A peek into the past as Las Vegas' Sahara hotel celebrates 70 years Play foosball at home or on the go with the new LEGO Table Football...   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102