Macro Finance
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
CNBC Economy·October 2, 2026·1 min read
US nonfarm payrolls rose by just 29,000 in September, well below the 84,000 forecast, and the unemployment rate rose to 4.2%, the Bureau of Labor Statistics said. The labor market faltered, signaling a slowdown in hiring and raising concerns about economic momentum as job gains fell sharply short of expectations.
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