Labor market

nonfarm payro

2026-10-02 13:35:26

Analyst says softer nonfarm payrolls report came as a surprise positive for stocks

CrossCheck Management Chief Investment Officer Todd Schoenberger said the latest U.S. nonfarm payrolls report, including revisions, showed a slowdown in job growth and unexpectedly gave equities a boost. He said average hourly earnings growth also eased slightly, which could help reduce inflation pressure, even if that relief may prove temporary. Schoenberger added that while ordinary Americans have real reason to worry about slower employment growth, the stock market was still likely to cheer the data on the day. The remarks were cited by Jin10 and carried by Odaily.

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US nonfarm pa

2026-10-02 12:39:06

Weak U.S. payrolls data cools market bets on a Fed rate hike in October

Market expectations for a Federal Reserve rate hike in October eased after the latest U.S. nonfarm payrolls report. Traders cut back their hawkish bets, and swaps tied to Fed meeting dates no longer fully price in one complete rate increase this year. Allianz chief economic adviser Mohamed El-Erian said the labor market figures came in as a surprise: the U.S. added just 29,000 jobs in September, the unemployment rate rose to 4.2%, and hourly wages increased only 0.1% month over month. Revisions also lowered July and August payroll figures by about 60,000 jobs combined. On the supply side, labor force participation climbed to 61.8%, which he described as a more encouraging development. Taken together, the data reinforced the effect of recent remarks from Fed officials and pointed to softer market expectations for an October rate increase.

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US Payrolls

2026-10-02 08:28:42

U.S. September payrolls due at 20:30 as October rate hike bets cool

The U.S. September nonfarm payrolls report is scheduled for release tonight at 20:30, with the market expecting a marked slowdown in job growth. According to ChainCatcher, the broader labor market has not stalled even as expectations for headline hiring soften. ADP data has improved, while initial jobless claims remain low, two signals that suggest employment conditions are still holding up. The report is landing at a sensitive moment for Federal Reserve policy. ChainCatcher said officials inside the Fed are split sharply between hawkish and dovish camps, while expectations for a rate hike in October have eased. That leaves tonight’s payrolls release as a key data point for judging the next step in the policy path.

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US economy

2026-10-01 12:58:10

U.S. jobless claims fall to the lowest level since July as continuing claims hit a three-year low

Initial jobless claims in the United States edged down to their lowest level since July, while continuing claims fell to a three-year low, pointing to a labor market that remains in solid shape. Continuing claims dropped by 11,000 to 1.7 million, the lowest reading since March 2023. Over the past several months, initial claims have stayed near historically low levels, a sign that companies have been reluctant to cut workers even as economic activity holds up. At the same time, hiring has become more cautious. The government is scheduled to release its nonfarm payrolls report on Friday, and the report is expected to show that the unemployment rate held at 4.1% in September. The four-week moving average of initial claims also declined to 200,000, marking a seven-week low. On an unadjusted basis, most states reported fewer new claims, including Hawaii, Georgia, and Texas. The figures were cited by Odaily, which referenced Jin10.

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Chicago Fed

2026-10-01 12:41:34

Chicago Fed estimates U.S. September unemployment rate at 4.1%

The Federal Reserve Bank of Chicago estimated the U.S. unemployment rate at 4.10% for September, according to a BlockBeats brief published on Oct. 1. That figure was slightly below the 4.14% reading for August. The update points to a modest improvement in labor market conditions based on the Chicago Fed’s estimate. The institution said the change continued to reflect a better employment outlook in the United States, while the quit rate also edged lower. No additional details were provided in the brief.

160

US economy

2026-10-01 12:31:46

U.S. continuing jobless claims came in at 1.701 million, below expectations

ChainCatcher reported that U.S. continuing jobless claims for the week ending Sept. 19 stood at 1.701 million. The reading was below the market expectation of 1.725 million. The previous figure was revised down from 1.719 million to 1.712 million. The update reflects the latest weekly U.S. labor-related data point cited in the report. No additional details were provided in the source beyond the claims figure, the consensus estimate, and the revision to the prior reading.

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AI

2026-09-29 05:09:20

UCLA study says AI has not yet driven a sharp rise in new graduate unemployment

A study from the University of California, Los Angeles found that artificial intelligence has not yet caused a significant increase in unemployment among recent graduates. The research said the labor market is still absorbing new graduates at a stable pace, with no clear deterioration tied to the spread of AI so far. At the same time, the researchers warned that the longer-term effects of the technology still need close attention. They also flagged changing remote work patterns as another factor that should be monitored alongside AI adoption. The study suggests that while current conditions have not worsened in a pronounced way for recent graduates, structural effects on the job market could emerge over time as the technology continues to develop. The report was cited by Crypto Briefing.

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AI

2026-09-09 06:37:25

The Economist estimates AI has created about 1 million US jobs, far exceeding AI-linked cuts

The Economist estimates that artificial intelligence has created roughly 1 million new jobs in the United States so far, well above the roughly 200,000 jobs cut because of AI since mid-2023. The conclusion draws on August employment data released by the US Bureau of Labor Statistics on Sept. 4, which showed the economy added 162,000 jobs while the unemployment rate held at 4.1%. Job growth was concentrated in two areas. One was high-skill work tied directly to AI, including engineers, software developers, mathematicians, and data scientists. Those occupations have added about 730,000 jobs above trend since 2022. The other was blue-collar hiring linked to data center construction, where spending rose 60% over the past year. Burning Glass Institute’s chief economist estimated that about 1% of professional jobs in the US can now be classified as AI roles, rising to 4% to 5% in computer and life sciences. Indeed data also showed installation and maintenance jobs at data centers pay about 40% more than comparable work. At the same time, customer service jobs have fallen about 10% since January 2023, and administrative assistant roles are down about 15%.

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