# U.S. September Jobs Gain 29,000 as July Payrolls Turn Negative

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26792
Published: 2026-10-05T11:16:31.000Z
Updated: 2026-10-05T11:16:31.000Z
Section: Business

> Unemployment held at 4.2%, while hourly earnings rose 3.0% over the year. August inflation remained above the Fed’s 2% target.

U.S. employers added 29,000 jobs in September as revisions erased July’s earlier payroll gain, leaving a softer hiring picture alongside inflation above the Federal Reserve’s 2% target.

July payrolls were revised from a 21,000-job increase to a decline of 10,000. August’s gain was cut by 29,000. Those adjustments recast the prior months’ estimates; they do not mean 60,000 jobs were lost in September.

Payroll employment and the unemployment rate changed little in September. Unemployment remained at 4.2%.

Average hourly earnings for private-sector workers rose 0.1% during the month and 3.0% over the year. Continued moderation in hiring and wage growth could ease pressure for further rate increases, though the September figures alone do not establish the Fed’s next move.

Inflation remained elevated. The personal consumption expenditures price index rose 3.4% year over year in August, while the core measure, which excludes food and energy, increased 3.0%. The mixed employment and inflation readings leave the policy outlook unsettled, and the report does not determine how crypto markets will respond.