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 · 2026-09-30Participation 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 · 2026-09-30Hourly 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 · 2026-09-30A 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