economy

US Hiring Expected to Stay Strong in September

US employers are expected to have added about 90,000 jobs in September, showing the economy continues to hire despite rising costs.

By Piggy PressSep 26, 20262 min read 1 new word

Photo via Bloomberg Economics

In simple terms

Job growth affects your wallet and your security—when companies are hiring, wages tend to be more competitive, and the risk of losing your job drops. A strong job market can also influence whether your bank raises or lowers interest rates on savings and loans.

The US job market is expected to have added roughly 90,000 new jobs in September, according to recent projections. This would mark a second straight month of solid hiring, suggesting that American businesses are still confident enough to bring on new workers. The unemployment rate—the share of people actively looking for work who can't find jobs—is expected to hold steady at 4.1%.

Even though companies are facing higher costs for materials, wages, and other expenses, hiring remains relatively strong. This shows that despite economic challenges, businesses believe there's enough demand for their products and services to justify keeping their payrolls growing. For job seekers, it means the employment landscape remains reasonably healthy.

Fun fact

A 4.1% unemployment rate is historically low—in 2009, after the financial crisis, unemployment peaked at 10%. Today's rate means nearly everyone actively seeking work can find something, which is why many employers are still willing to hire.

Economy

Source: Bloomberg Economics