Unemployment rose slightly to 4.2% in September as American employers paused hiring.
The US jobs market saw a sharp slowdown in September, with employers adding just 29,000 jobs in the final update before the midterm elections. Headcounts were little changed in major sectors from tech to retail as hiring fell significantly from August, according to figures from the Bureau of Labor Statistics (BLS). Meanwhile, the unemployment rate rose slightly from 4.1% in August to 4.2% in September.
The figures signal a cooling US economy, which experts said reduced the likelihood of a series of further interest rate hikes by the Federal Reserve. The 29,000 jobs created in September was down from a figure of 133,000 in August, according to revised BLS figures for the month.
Extract — continue reading at the source.
Similar stories
1 outlet
September jobs report may show labor market is on the mend — but it’s far from cured
marketwatch.com
01.10.2026
Related stories
Tesla’s EV sales beat Wall Street’s expectations again, and the stock jumps
Why Western Digital and Seagate are seeing big stock drops today
I’m even more bullish about stocks than a year ago
US economy adds just 29,000 jobs in September as hiring slows sharply
To win the humanoid-robots race, the U.S. needs this critical machine component that’s hard to find
New free repair shop to launch in Oxford