Heather Long(@byHeatherLong):JUST IN: A medicore September jobs report. The US economy added only 29,000 jobs in September (well below ~80k expected). On top of that, there were downward revisions: July was revised down to -10k and August to 133k. Unemployment rate: 4.2% (up from 4.1% in August) The biggest sore spot = wage growth of 3% in past year. That’s a new 5-year low and it’s wiped out entirely by ~3.4% inflation.

Heather Long

@byHeatherLong

Chief economist @NavyFederal | Marketplace contributor | Data aficionado | Views my own | Email: heather_long@navyfederal.org

Joined February 2011

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Heather Long@byHeatherLong

2026.10.02 12:37

JUST IN: A medicore September jobs report. The US economy added only 29,000 jobs in September (well below ~80k expected). On top of that, there were downward revisions: July was revised down to -10k and August to 133k. Unemployment rate: 4.2% (up from 4.1% in August) The biggest sore spot = wage growth of 3% in past year. That’s a new 5-year low and it’s wiped out entirely by ~3.4% inflation.