News/Data/Oct 2, 2026, 8:30 AM ET

US economy added 29k jobs in September; unemployment rate 4.2%

Hourly earningsPayrollsUnemploymentSPXXAU

The Bureau of Labor Statistics' Employment Situation report showed nonfarm payrolls rose by 29,000 in September 2026 and the unemployment rate was 4.2%. Average hourly earnings rose 0.1% on the month.

  • Nonfarm payrolls +29k in September (seasonally adjusted, thousands of jobs)
  • Unemployment rate 4.2% (from 4.1%)
  • Average hourly earnings +0.1% on the month, +3.0% on the year
  • August revised to +133k from +162k
SPX around the story · hourly24 h reaction ▼ 0.13%
7,640.597,723.007,805.41US economy added 29k jobs in September; unemployment rate 4.2%1Sep 28Sep 30Oct 2Oct 4Oct 6

Moves this explains

TSM+3.00%Oct 1 · TSM rose 3.00% as stocks rallied: TSLA +4.43%, AVGO +2.75%, ORCL +2.81%, NVDA +1.17% and SPX +0.54%. The move followed a weak September jobs report (+29k payrolls, unemployment 4.2%) that reduced expectations of a Fed rate hike.
Source
Bureau of Labor Statistics
Oct 2, 2026, 8:30 AM ET
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