US adds only 29,000 jobs in September; Treasury yields rise

2026-10-03 · Finance · United States

The US added just 29,000 jobs in September, far below expectations. The weak report contrasts with rising 10-year Treasury yields, suggesting markets are repricing rate expectations.

Why it matters：Weak jobs data influences Federal Reserve policy decisions and global financial conditions, affecting borrowing costs, currency markets and investment strategies.

Key points

• September job creation was much weaker than expected.
• The 10-year Treasury yield ticked higher despite the weak report.

Sources (original reporting)

• CNBC
• The Wall Street Journal

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