{"id":439287,"date":"2026-10-02T19:30:09","date_gmt":"2026-10-02T12:30:09","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-september-non-farm-payrolls-29k-vs-90k-expected-439287\/"},"modified":"2026-10-02T19:30:09","modified_gmt":"2026-10-02T12:30:09","slug":"us-september-non-farm-payrolls-29k-vs-90k-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-september-non-farm-payrolls-29k-vs-90k-expected-439287\/","title":{"rendered":"US September non-farm payrolls +29K vs +90K expected"},"content":{"rendered":"<div>\n<ul>\n<li class=\"whitespace-normal break-words pl-2\"><a href=\"https:\/\/investinglive.com\/news\/us-august-non-farm-payrolls-vs-56k-expected\/\" rel=\"follow\">Prior <\/a>was +162K (revised to +133K)<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Two-month net revision -60K<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unemployment rate 4.2% vs 4.1% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior unemployment rate 4.1%<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unrounded unemployment\u00a0 vs 4.1413%  prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Participation rate 61.8% vs 61.6% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">U6 underemployment rate 7.6% vs 7.7% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average hourly earnings +0.1% m\/m vs +0.3% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average hourly earnings 3.0% y\/y vs +3.2% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average weekly hours 34.4 vs 34.3 expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Change in private payrolls +46K\u00a0 vs +85K expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior private payrolls +127K<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Change in manufacturing payrolls K vs +10K expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Government payrolls K vs +35K prior<\/li>\n<\/ul>\n<p>Fed funds pricing was at a 28% chance of a rate hike ahead of the data and USD\/JPY was trading at 157.60. US 2-year yields were at 4.78% with 10s at 5.23%.<\/p>\n<p>This is a dovish report and closes the debate on an October rate hike barring a red-hot CPI reading. The lone positive I see the report is a second month of rising labor force participation, in an unwind of a troubling trend. That naturally puts upwards pressure on unemployment but is still a net positive for the economy.\u00a0<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was +162K (revised to +133K) Two-month net revision -60K Unemployment rate 4.2% vs 4.1% expected Prior unemployment rate 4.1% Unrounded unemployment\u00a0 vs 4.1413% prior Participation rate 61.8% vs 61.6% prior U6&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439287","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439287"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439287\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}