US job growth undershoots expectations in September, but labor market remains stable — Live Feedhttps://www.live-feeds.com/feed/us-job-growth-undershoots-expectations-in-september-but-labor-market-remains-stableContinuously updated, source-cited coverage. US September Job Growth Slows to 29,000https://www.live-feeds.com/feed/us-job-growth-undershoots-expectations-in-september-but-labor-market-remains-stablehttps://www.live-feeds.com/feed/us-job-growth-undershoots-expectations-in-september-but-labor-market-remains-stable#u104794Tue, 06 Oct 2026 02:00:32 +0000The US economy added 29,000 jobs in September, a figure that undershot expectations and signaled a slowing labor market. While the overall market remains stable, the unemployment rate rose to 4.2%. This soft jobs report has led traders to believe the Federal Reserve is unlikely to increase interest rates in October. The data comes one month before the midterms, prompting political criticism from top Democrats regarding the current economic agenda. Restaurant hiring also slowed in September following a surge in August.Why it mattersLabor market data heavily influences Federal Reserve decisions