DMI / DATA & RESEARCHPUBLIC INFORMATION. INFORMED PERSPECTIVE.

Home / Markets

Markets

Economic indicators and analysis. Current coverage: a dated U.S. labor-market snapshot.

Last updated · 2026-11-15

U.S. employment & earnings

Source: U.S. Bureau of Labor Statistics, October 2, 2026 archived release for September 2026. These are historical labor-market observations, not live stock-market quotes. Values may differ from later revised releases.

IndicatorValueAs ofBasis
Unemployment rate4.22026-09-302026-09 · percent · seasonally adjusted
Nonfarm payroll monthly change292026-09-302026-09 · thousand jobs · seasonally adjusted
Labor force participation rate61.82026-09-302026-09 · percent · seasonally adjusted
Employment-population ratio59.22026-09-302026-09 · percent · seasonally adjusted
Average hourly earnings37.812026-09-302026-09 · USD/hour · seasonally adjusted
Average weekly hours34.42026-09-302026-09 · hours/week · seasonally adjusted

Economic analysis

Jobs and unemployment use different surveys

The September 2026 archived BLS release reported a 29,000 increase in nonfarm payroll employment and a 4.2 percent unemployment rate. Payroll change comes from the establishment survey; the unemployment rate comes from the household survey. One measures a monthly change in jobs and the other a share of the labor force. They should not be combined into a single growth rate.

Source · 2026-09-30

Participation is part of the employment picture

The archived release recorded labor force participation of 61.8 percent and an employment-population ratio of 59.2 percent. Both use population-related denominators that differ from the unemployment rate. A change in participation can alter the interpretation of unemployment, so a single rate does not describe every movement in labor supply.

Source · 2026-09-30

Hourly pay and weekly hours are distinct measures

Average hourly earnings for private nonfarm payroll employees were $37.81, and the average workweek was 34.4 hours in the September 2026 release. These are workforce averages, not an individual wage quote or an inflation-adjusted pay measure. Changes in the mix of jobs can influence an aggregate average.

Source · 2026-09-30

A dated release is a data vintage

These figures reproduce the October 2, 2026 release for September observations. They are a historical snapshot, not a claim about the latest labor-market reading. Payroll observations can subsequently be revised; the source vintage is retained so readers can reproduce the figures displayed here.

Source · 2026-09-30