4 days ago
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Updated Fri, October 2, 2026 at 7:48 AM CDT
The Labor Department reported that the US added 29,000 jobs in September, missing expectations. The unemployment rate ticked up to 4.2% from 4.1% in the previous month.
Economists expected a gain of 90,000 jobs last month, following a revised print of 133,000 job gains in August.
"Weak across the board when it comes to the demand for labor," economist Mohamed El-Erian told Yahoo Finance. "The demand side is flashing yellow … [and is] going to put the Fed definitely on hold for October."
