🌎 Macro, Policy & Capital

US September nonfarm payrolls increased 29,000, while the unemployment rate rose to 4.2%, from 4.1% previously.

· ComputeLabs Research · from the October 2, 2026 edition

September nonfarm payrolls increased by 29,000, while unemployment reached 4.2%, compared with 4.1% previously. Forecast comparisons differ by source: financialjuice lists 90,000 expected jobs, while Financial_Express reports a Dow Jones survey expectation of 84,000.

Earlier employment estimates were revised downward: August payroll growth was revised to 133,000, and July to a 10,000 decline, with the two months’ revisions totaling 60,000 fewer jobs than previously reported. The translated source describes the July revision as “turning from positive to negative” (由正转负).

Labor-force participation rose to 61.8%, from 61.6%, while average annual earnings growth was 3% and the average workweek was 34.4 hours. Financial_Express also reports monthly average-hourly-earnings growth of 0.1% (平均小时工资环比仅略增 0.1%).

The sector releases show 46,000 additional private-sector jobs, a 17,000 decline in government payrolls, and 9,000 additional manufacturing jobs. These are economy-wide labor-market measures; the supplied releases do not isolate hiring in GPU infrastructure, cloud operations, or data-center construction.

All 18 stories from October 2, 2026