U.S. job growth cools, unemployment ticks up in last jobs report before midterms

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U.S. job growth cools, unemployment ticks up in last jobs report before midterms. (2026, October 2). CBS News. https://www.cbsnews.com/video/job-growth-cools-unemployment-ticks-up-in-last-jobs-report-before-midterms/

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The most recent U.S. jobs report showed a slowdown in job growth and an increase in unemployment before the upcoming midterm elections. This report also included downward adjustments to previously reported employment figures, suggesting that earlier optimism about job market conditions may have been overstated.

Written by AI on 2026-10-03, from this article's own text only (the story summary below draws on all the coverage).

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The U.S. economy added only 29,000 jobs in September, falling far short of economists' forecasts of around 90,000 jobs, and the unemployment rate ticked up to 4.2% from 4.1%. This report comes amid high inflation due to the conflict with Iran and rising interest rates by the Federal Reserve aimed at curbing price increases. Despite the strong job market indicators seen earlier this year, recent data shows signs of strain, with consumer confidence at its lowest level in over a decade. The poor jobs numbers could influence upcoming midterm elections, as voters are increasingly concerned about economic conditions ahead of the polls.

Written for “US Job Growth Slows” on 2026-10-31, grounded in this article and the 7 other(s) covering the same event.

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📰 US Job Growth Slows

Economy/Business · 8 article(s) covering the same event. Compare every outlet's account →

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U.S. job growth cools, unemployment ticks up in last jobs report before midterms

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