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U.S. adds 29,000 jobs in September; jobless rate rises to 4.2% as markets bet Fed pauses

Hiring slowed sharply in September and unemployment ticked up, prompting traders to price in a high chance the Federal Reserve holds rates steady this month, according to CNBC.

CNBC Economy·Oct 2, 2026, 1:45 PM·2 min read✓ Verified

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U.S. adds 29,000 jobs in September; jobless rate rises to 4.2% as markets bet Fed pauses
Photo: CNBC Economy

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