Stories
US Job Growth Plummets in September, Payrolls Rise by Only 29,000
N
News18•02-10-2026, 18:30
US Job Growth Plummets in September, Payrolls Rise by Only 29,000
- •US nonfarm payroll employment increased by a mere 29,000 in September, a sharp slowdown from previous months.
- •The unemployment rate remained unchanged at 4.2 percent, with 7.1 million unemployed individuals.
- •Revisions to July and August payroll growth resulted in 60,000 fewer jobs than previously reported.
- •Healthcare and construction sectors saw modest job gains, while financial activities experienced a decline of 7,000 jobs.
- •Average hourly earnings increased by 0.1 percent to USD 37.81 in September, marking a 3.0 percent rise over the past year.
Key Questions Answered
US nonfarm payroll employment rose by just 29,000 in September, marking a sharp slowdown in job growth.
The unemployment rate remained unchanged at 4.2 per cent in September, while the number of unemployed people stood at 7.1 million.
July payroll growth was revised down to -10,000 from +21,000, and August payroll growth was revised down to +133,000 from +162,000.
