October 2, 2026

In September, the U.S. labor market created 29,000 new jobs, below expectations

International

In the United States, 29,000 jobs were created in September, falling short of the estimated 88,000 and the revised figure for August (133,000). Meanwhile, the unemployment rate stood at 4.2%, slightly above the 4.1% estimate and the rate recorded over the previous two months.

US Treasury yields compressed across all maturities—particularly at the short and intermediate ends of the curve—by yesterday's close. The 1-year bond yield fell to 4.42% from 4.54%, and the 3-year bond yield dropped to 4.9% from 5.0%, while the 10-year bond ended at 5.24%, down from 5.28% on Wednesday.

For their part, major US stock indices posted marginal gains during yesterday's trading session. The S&P 500 led the trend with a 0.2% rise, followed by the Nasdaq and the Dow Jones, both up 0.04%. Year-to-date, these indices show gains of 12.0%, 15.6%, and 6.0%, respectively.

80%