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The final monthly labor report before Novembers elections delivered a sharper-than-expected slowdown, giving Democrats fresh momentum on cost-of-living concerns while locking in expectations for a Federal Reserve rate pause.
US nonfarm payrolls show just 29,000 jobs added in September as unemployment holds at 4.2%, exposing fresh weakness in the US labor market.
The US Bureau of Labour Statistics reported that American employers added 119,000 jobs in September 2026, exceeding analyst forecasts but revealing troubling undercurrents within the labour market.