Jobs report to show whether hiring stayed resilient in September
Summary
The upcoming U.S. jobs report will show how hiring held up in September despite rising inflation caused by the ongoing Iran war. The Federal Reserve recently raised interest rates to try to control inflation, which may slow hiring in the coming months.Key Facts
- The jobs report will measure how the U.S. economy is doing amid higher inflation.
- Inflation rose due to the Iran war, pushing gasoline prices and overall prices higher.
- The Federal Reserve raised interest rates in September to reduce inflation.
- Higher interest rates make borrowing more expensive, which can slow business hiring.
- Economists expect 84,000 new jobs were added in September, fewer than the 162,000 added in August.
- The job market has still been relatively strong, averaging about 80,000 new jobs monthly in 2026.
- Inflation stood at 3.4% in August, above the Fed’s 2% target.
- Consumer spending increased by 0.6% in August, helping support economic growth despite challenges.
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