Both payroll employment (+29,000) and unemployment rate (4.2%) change little in September

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The U.S. Bureau of Labor Statistics reported that nonfarm payroll employment rose by +29,000 in September 2026 and the unemployment rate was 4.2 percent, both changing little over the month; the number of unemployed people was 7.1 million. The agency noted the unemployment rate has remained between 4.1 percent and 4.3 percent since March, while the labor force participation rate was 61.8 percent and the employment-population ratio was 59.2 percent. Average hourly earnings for all private nonfarm employees rose by 5 cents to $37.81, up 3.0 percent over the past 12 months, and the average workweek stayed at 34.4 hours. BLS also revised July's payroll change down by 31,000 to -10,000 and August's down by 29,000 to +133,000, stating that July and August combined employment is 60,000 lower than previously reported.

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