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US job growth slows in September; unemployment rises to 4.2%, Fed likely to hike rates in December

Market News
02 Oct 2026
New York Post
View Source
Bearish
US job growth slows in September; unemployment rises to 4.2%, Fed likely to hike rates in December

US employers added only 29,000 jobs in September, well below expectations of 84,000 and a revised 133,000 in August. The unemployment rate rose slightly to 4.2% from 4.1%. Factors like Baby Boomer retirements and strict immigration policies have limited labor market entry, keeping unemployment steady. Despite slower job growth, the Federal Reserve is expected to raise interest rates by a quarter point in December, though it may hold rates steady in November to avoid political implications before midterm elections.

Job growth and unemployment data provide context for the current market environment. For readers following the Financials sector, here is Pluang's market snapshot as of Oct 02, 2026 19:02 WIB: Of 85 priced Financials-sector US stocks tradable on Pluang, 64 rose and 18 fell today. Notable movers include BTBT (Bit Digital Inc) at USD 1.66 with a +2.47% change, PUK (Prudential PLC) at USD 24.19 with a -2.10% change, and BCS (Barclays PLC) at USD 23.15 with a -2.07% change.

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