#USJobsData *U.S. Jobs Snapshot – September 2025*

- *Jobs added:* 119,000 (non‑farm payrolls) – more than double the 50,000 forecast¹

- *Unemployment rate:* rose to *4.4%* (up 0.1 pp), the highest in four years

- *Labor force:* grew by 470,000 participants; household employment up 251,000

- *Key sectors:*

- *Healthcare & social assistance:* +43,000 jobs

- *Leisure & hospitality:* +47,000 (restaurants +37,000)

- *Retail:* +13,900

- *Construction:* +19,000

- *Manufacturing:* ‑6,000 (fifth straight month of losses)

- *Federal government:* ‑3,000 (‑97,000 YTD)

*Wages & Hours*

- Average hourly earnings +0.2% MoM, +3.8% YoY – in line with Fed’s 3.5% inflation target

*Data quirks*

- August payrolls revised down (‑4,000 vs. prior +22,000) and July‑August revisions shaved 33,000 jobs .

- ADP private‑sector estimate contradicted BLS, showing a loss of 32,000 jobs² .

*Market reaction*

- Global brokerages split on Fed’s December rate cut; CME FedWatch shows ~67% probability of no cut³ .

- Stocks slipped, dollar steady, Treasury yields fell after the release .

Would you like me to break down any part of the report (e.g., sector trends, wage dynamics, or implications for Fed policy)?#USJobsData #USStocksForecast2026