US Added Only 29,000 Jobs In September While Unemployment Rate Increases
Only 29,000 jobs were added by US employers in the month of September, marking a sharp decline from the previous month’s gains with unemployment also increasing.
America’s unemployment rate specifically increased to 4.2%, according to the most recent data from the US Bureau of Labor Statistics. This decline shows just a fraction of what economists were expecting with just under 70,000 new jobs, according to reports.
Initial reports from July and August were also revised down to 60,000. The labor market contracted by 10,000 jobs in July after revisions while August saw 133,000 jobs added.
While job growth may have “slumped” over the summer, the labor market unexpectedly contracted in July, and figures made in June and May were revised down from their initial reports with 162,000 jobs being added in August, marking the highest amount since March.
The unemployment rate has also remained at its lowest levels since 2025 when it hit 4.5% in November. US jobless claims also remained lower for the fourth week in a row, according to the labor department.
Job openings and the number of new hires have remained relatively stagnant since August, data from the labor department shows, citing the “slow-hire, slow-fire” job market continuing.
The labor market has also remained pretty strong this year, despite concerns over the US-Israel war on Iran increasing inflation and energy prices. In fact, the Federal Reserve raised interest rates last month for the first time in three years, citing higher prices.
Federal chair Kevin Warsh emphasized the “strength of the US labor market, which is basically running consistent with full employment, but inflation is too high and has been for too long.”
Investors are “hopeful” that the Fed won’t increase rates again later this month after a commerce department report revealed a “softer-than-expected” reading on inflation.
Higher prices are continuing to be the biggest issue economically for citizens of America. Mortgage rates specifically are rising rapidly and have hit their highest level in three years this week from 7% to 7.28%, the largest weekly jump since 2022.
The 10-year treasury yield, which underpins mortgages and other loans, also reached a 24-year high as the recent global bond sell-off continued.
Higher oil prices have also cost Americans an estimated $936 per household.
Eric Mastrota is a Contributing Editor at The National Digest based in New York. A graduate of SUNY New Paltz, he reports on world news, culture, and lifestyle. You can reach him at eric.mastrota@thenationaldigest.com.










