The Labor Market
Employers added 29,000 jobs. Unemployment rose to 4.2 percent.
Economists had looked for about 90,000 jobs and a rate of 4.1 percent. July was revised to a loss. Kevin Hassett said he was not disappointed.
The Rocket News · Business Desk · WashingtonOctober 2, 2026 · 4 min read

WASHINGTON — Employers added 29,000 jobs in September and the unemployment rate rose to 4.2 percent, the Bureau of Labor Statistics reported Friday. About 7.1 million people were unemployed. Economists surveyed by Dow Jones had expected roughly 84,000 jobs and a rate still at 4.1 percent. CNN’s survey had looked for about 90,000.
Health care added 17,000 jobs, slower than its average of 33,000 over the prior year. Construction added 11,000. Manufacturing, which had been falling, added 9,000. Information lost 10,000, professional and business services 9,000, and financial activities 7,000. July and August were revised down by 60,000 combined. July is now a loss of 10,000 jobs.
Kevin Hassett, director of the National Economic Council, told Fox Business he was not disappointed, not even a little. Through September the economy has added an average of 68,000 jobs a month, stronger than last year’s pace and well below the years before the pandemic. The diesel release is the next note.
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