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EconomyUS job growth slows sharply in September; unemployment rate rises to 4.2%

US job growth slowed much more than expected in September, while the unemployment rate climbed to 4.2%. Payrolls for the previous two months were revised sharply lower, making another Federal Reserve rate hike this month unlikely.

US jobsunemploymentFederal Reserveinterest rates

RReuters★★★★☆2026-10-02 15:45Original

US job growth slows sharply in September; unemployment rate rises to 4.2%
US job growth slows sharply in September; unemployment rate rises to 4.2%Economy