October 2, 2026

U.S. Job Growth Slows to 29,000 in September Amid Rising Unemployment

Nonfarm payrolls increased by only 29,000, significantly below the expected 90,000, and job growth was revised down by 60,000 for July and August.
The unemployment rate rose to 4.2%, up from 4.1% in August, marking a notable increase amid ongoing economic challenges.
Average hourly pay increased by 3% year-over-year, the smallest annual gain since May 2021.

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