Macro Finance
US Job Growth Falls Short of Forecasts as Firms Remain Cautious
Bloomberg Markets·October 2, 2026·1 min read
The US added fewer jobs than expected in September, with nonfarm payrolls increasing 29,000 after a downward revision to the prior two months. The unemployment rate rose to 4.2%, partly reflecting a growing workforce. Wage growth slowed, signaling caution among employers amid rising costs. Rebecca Patterson, Senior Fellow at CFR, reacted to the jobs report.
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