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US employers added 29K jobs in Sept, below expectations, signaling a cooler but stable labor market.

Market News
02 Oct 2026
Seeking Alpha
View Source
Neutral
US employers added 29K jobs in Sept, below expectations, signaling a cooler but stable labor market.

The US Labor Department reported that employers added 29,000 jobs in September, significantly below the expected 80,000. Additionally, job gains from the previous two months were revised downward by a total of 60,000 jobs. Despite the slower job growth, the unemployment rate remained stable around 4%, indicating a modestly healthy labor market. This data suggests the Federal Reserve is likely to pause interest rate hikes in its upcoming October meeting.

The September jobs report shows slower but stable hiring in the US labor market. For readers following US stocks, here is Pluang's market snapshot as of Oct 02, 2026 19:31 WIB: out of 150 priced US stocks tradable on Pluang, 126 rose and 21 fell today. Notable movers include UPST at USD 23.57 with a 1-day change of +2.70% and 98% buy order activity, HPE at USD 66.35 up +2.69% with 68% sell order activity, and AMD at USD 632.20 up +2.67% with a nearly balanced order activity of 48% sell and 52% buy.

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