29,000 Jobs: Is the Fed Off the Hook? | S3 E171 | 10-02-26
The September jobs report came in much weaker than expected, and it could change the Federal Reserve’s next move.
The U.S. economy added just 29,000 jobs in September, while the prior two months were revised lower by roughly 60,000 jobs. Unemployment ticked up to 4.2%, labor force participation increased, and wage growth came in around 3% year over year.
So what does all of this mean for interest rates?
Megan Horneman shares the latest employment data, where jobs are being gained and lost, why Treasury yields are falling, and how the report could give the Fed more flexibility to hold rates steady in October and wait until December before making another move.
Plus, find out why equity markets are responding positively to weaker labor-market data.
Subscribe to Markets with Megan for quick, straightforward analysis of the economic data moving markets:
www.marketswithmegan.fm
#MarketsWithMegan #JobsReport #FederalReserve #InterestRates #StockMarket #Economy #Investing #MarketUpdate
