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Jobs

The U.S. labor market from the monthly jobs report and weekly claims: unemployment, payroll growth, job openings, participation and pay. From the Bureau of Labor Statistics and the Labor Department via FRED; latest Oct 10, 2026.

The job market now

Unemployment rate

4.20% +0.10 pts

Sep 2026; change vs prior reading

FRED UNRATE

Payrolls change

29K −104K

Sep 2026; change vs prior reading

Monthly change in nonfarm payrolls, thousands

FRED PAYEMS

Initial jobless claims

199,000 +0.5%

week of Oct 10, 2026; change vs prior reading

FRED ICSA

Job openings

7,079 −3.5%

Aug 2026; change vs prior reading

Thousands

FRED JTSJOL

U-6 unemployment (incl. underemployed)

7.60% −0.10 pts

Sep 2026; change vs prior reading

FRED U6RATE

Labor force participation

61.80% +0.20 pts

Sep 2026; change vs prior reading

FRED CIVPART

Average hourly earnings, year over year

3.02% −0.09 pts

Sep 2026; change vs prior reading

FRED CES0500000003

Sahm rule indicator

0.00% +0.07 pts

Sep 2026; change vs prior reading

0.50 or more has signalled recessions

FRED SAHMREALTIME

Ten years

Unemployment rate

4.20% +0.10 pts Sep 2026

Source: FRED UNRATE.

Payrolls change

29K −104K Sep 2026

Source: FRED PAYEMS. Monthly change in nonfarm payrolls, thousands.

U-6 unemployment (incl. underemployed)

7.60% −0.10 pts Sep 2026

Source: FRED U6RATE.

Initial jobless claims

199,000 +0.5% week of Oct 10, 2026

Source: FRED ICSA.

Job openings

7,079 −3.5% Aug 2026

Source: FRED JTSJOL. Thousands.

Labor force participation

61.80% +0.20 pts Sep 2026

Source: FRED CIVPART.

Month by month

The last 24 monthly employment reports, as revised.

MonthPayrolls changeUnemploymentU-6ParticipationHourly earnings, 12 months
Sep 2026+29K4.20%7.60%61.80%3.02%
Aug 2026+133K4.10%7.70%61.60%3.11%
Jul 2026−10K4.10%7.90%61.40%3.21%
Jun 2026+31K4.20%7.90%61.50%3.38%
May 2026+63K4.30%8.10%61.80%3.34%
Apr 2026+148K4.30%8.20%61.80%3.57%
Mar 2026+214K4.30%8.00%61.90%3.43%
Feb 2026−156K4.40%7.90%62.00%3.70%
Jan 2026+160K4.30%8.10%62.10%3.66%
Dec 2025−17K4.40%8.40%62.40%3.73%
Nov 2025+41K4.50%8.70%62.50%3.93%
Oct 2025−140K–––3.92%
Sep 2025+76K4.40%8.10%62.50%3.85%
Aug 2025−70K4.30%8.10%62.30%3.98%
Jul 2025+64K4.30%7.90%62.20%3.96%
Jun 2025−20K4.10%7.70%62.30%3.86%
May 2025+13K4.30%7.80%62.40%3.98%
Apr 2025+108K4.20%7.80%62.60%3.91%
Mar 2025+67K4.20%7.90%62.50%4.21%
Feb 2025+42K4.20%8.00%62.50%4.11%
Jan 2025−48K4.00%7.50%62.60%3.97%
Dec 2024+237K4.10%7.60%62.50%4.08%
Nov 2024+134K4.20%7.70%62.40%4.18%
Oct 2024+33K4.10%7.70%62.50%4.05%

Source: Bureau of Labor Statistics via FRED (PAYEMS, UNRATE, U6RATE, CIVPART, CES0500000003). Payrolls change is computed from the level.