AI Data Insight
US nonfarm payrolls in Q3 (September) 2026 added only 29,000 jobs, slowing sharply from the previous reading of 162,000 and falling far short of the market estimate of 90,000. The unemployment rate climbed to 4.2% along with slowing wage growth, highlighting a "low hiring, low firing" pattern and leading the market to significantly downgrade the probability of another Fed rate hike in the near term.