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USA · Security · Minor · impact 3 of 5
First reported 2 October 2026 · latest 2 October 2026 · 1 reports from 1 outlet
U.S. labor data showed 43,000 September layoffs, 29,000 jobs added, and unemployment at 4.2%. The report signals a weaker hiring environment and slower wage growth.
The sheer number of layoffs fell, too, according to Challenger, Gray Christmas. The report, released Thursday, showed that employers cut more than 43,000 jobs in September, marking an 18 percent decline in layoffs from August. Friday s jobs report comes before the Federal Reserve s final policy decision before the midterm election.
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Construction added 11,000 jobs, while manufacturing added 9,000. Financial activities, which include sectors such as commercial banking and insurance, shed 7,000 jobs. Most other sectors were largely unchanged, including retail, oil and gas extraction, and leisure and hospitality.
Previous jobs reports were also revised downward. July was revised from an initial gain of 21,000 jobs to a loss of 10,000 jobs. August was revised down by 29,000 jobs, from 162,000 to 133,000.
July was revised from an initial gain of 21,000 jobs to a loss of 10,000 jobs. August was revised down by 29,000 jobs, from 162,000 to 133,000. Wages grew by 3 percent, marking the slowest annual wage increase in five years.
The sheer number of layoffs fell, too, according to Challenger, Gray Christmas. The report, released Thursday, showed that employers cut more than 43,000 jobs in September, marking an 18 percent decline in layoffs from August. Friday s jobs report comes before the Federal Reserve s final policy decision before the midterm election.
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