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US job growth slows sharply with only 29,000 new jobs added in August, well below expectations.

Market News
02 Oct 2026
The Guardian
View Source
Bearish
US job growth slows sharply with only 29,000 new jobs added in August, well below expectations.

The US economy added just 29,000 jobs in August, far below the 90,000 jobs economists had predicted, signaling a sharp slowdown in hiring. Additionally, previous job reports were revised downward, showing fewer jobs created in July and August than initially estimated, with July even losing jobs. This weak employment data raises concerns about the strength of the US labor market and could influence future economic policy decisions.

The US jobs report showing a hiring slowdown provides context for this market snapshot. 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, 126 rose while 21 fell. AMD gained 2.67% with a typical hold time of 92 days and a nearly balanced buy-sell order split, JetBlue Airways rose 2.65% with a shorter hold time of 44 days and exclusively buy orders, whereas Li Auto declined 2.61% despite a longer hold time of 101 days and only buy orders.

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