# US Non-Farm Payrolls (September) — 2026-10-02

> US Non-Farm Payrolls: +29K jobs in September vs 84K expected; unemployment rises to 4.2%

## DATA
- Actual: 29K jobs, monthly change (unemployment rate 4.2% vs 4.1% expected)
- Forecast: 84K jobs, monthly change (unemployment rate 4.2% vs 4.1% expected)
- Previous: 133K (August, revised from 162K) jobs, monthly change (unemployment rate 4.2% vs 4.1% expected)
- Surprise vs forecast: cooler

## WHAT IT MEANS
This monthly report measures how many net new jobs the US economy created. September came in far below forecasts, unemployment rose from 4.1% to 4.2%, and July and August were revised down by a combined 60,000 jobs (August: 133K from 162K).

## MARKET IMPACT
A weaker labor market usually raises bets on Fed rate cuts, which tends to push bond yields and the dollar lower and support gold. For stocks the effect is mixed: lower rates help, but slowdown fears weigh.

### Affected markets
- US Treasuries ↑ — Weak hiring raises expectations of Fed rate cuts, lowering yields.
- US Dollar ↓ — Lower expected rates reduce the dollar's yield appeal.
- Equities → — Rate-cut hopes help, but weak growth worries offset them.
- Gold ↑ — Lower yields and slowdown fears support gold.

## LEARNING
Never read just the headline: check the number versus expectations, the revisions to prior months, and the unemployment rate. A single month is noise; the multi-month trend is the signal.

## META
- Country: US
- Category: employment
- Importance: high
- Released at: 2026-10-02T16:15:12.697+00:00
- Source: https://www.cnbc.com/2026/10/02/jobs-report-september-2026.html

## DISCLAIMER
Vectorial Economía is descriptive educational information about macro data. Not investment advice. Past market behavior does not guarantee future results.