The U.S. September non-farm payroll report, due October 2, is expected to show 90,000 new jobs, down significantly from August's 162,000. The key market focus is whether August data will be revised downward due to seasonal adjustment anomalies, with potential implications for Fed rate-hike expectations and bond market volatility.
AI was predicted to dramatically lower prices and reduce labor costs, but instead has coincided with rising prices and sustained employment, creating public frustration as AI companies become wealthy while consumers face higher costs of living.
Bitcoin surged above $87,000 on Friday, driven by softer-than-expected U.S. jobs data showing nonfarm payrolls increased only 29,000 last month and unemployment ticked up. Weaker labor market conditions typically ease inflation pressure, potentially reducing Federal Reserve rate hikes and boosting riskier assets like bitcoin and stocks.
The US added only 29,000 jobs in September, falling far short of the 90,000 expected, while unemployment rose to 4.2%. Wage growth remained subdued at 0.1% monthly and 3% annually, suggesting a weakening labor market with limited hiring despite low layoffs. The soft report may prompt the Federal Reserve to hold interest rates steady as it prioritizes inflation control.
Top Democrats Elizabeth Warren and Chuck Schumer criticized President Trump's economic record after September jobs data showed only 29,000 new jobs added, far below the 84,000-90,000 economists predicted. The weak jobs report, which also saw unemployment rise to 4.2%, comes ahead of November midterm elections as Democrats argue Trump's policies have created a cost of living crisis.
Bitcoin reached $87,000 on October 2, 2026, as sellers withdrew resistance at the $85,000 level. The price surge followed reduced ask liquidity and occurred amid reports of U.S. unemployment rising to 4.2% above expectations.
U.S. nonfarm payrolls rose only 29,000 in September, far below the expected 84,000, while unemployment increased to 4.2%. The weak jobs report, combined with downward revisions to prior months, led markets to price in a higher probability the Federal Reserve will hold rates steady in October, though policymakers remain focused on inflation as the primary economic threat.
Bitcoin surged to $87,000 following higher-than-expected U.S. unemployment data (4.2% vs. 4.1% expected), with crypto analysts attributing the rally to expectations of additional economic stimulus. South Korea announced plans to bring its $7 trillion stock and bond market onchain starting February 2027.
The U.S. added only 29,000 jobs in September, falling well short of the 90,000 forecast, while unemployment rose to 4.2%. The weak labor market data boosted financial assets, with Treasury yields falling, stock futures gaining, and markets pricing in a lower probability of another Fed rate hike this month.
The US will release its September nonfarm payrolls report on Friday at 20:30 Beijing time. Reuters surveys expect nonfarm payrolls to increase by 90,000, down from 162,000 in August, with unemployment holding at 4.1%. The report is crucial for assessing labor market strength and guiding the Federal Reserve's October rate decision.
Stock futures rose modestly Friday ahead of September's jobs report, with S&P 500 futures up 0.26%. Treasury yields climbed to multiyear highs while oil prices surged over 4% following reports of a U.S. military buildup in the Middle East. Markets await nonfarm payrolls data expected to show 84,000 jobs added with unemployment steady at 4.1%.
US jobless claims fell to 197,000 last week, the lowest level since mid-July, as layoffs remain minimal and job security holds steady for most American workers. The four-week average dropped to 200,000, reflecting a sturdy labor market despite higher energy prices. Employers are hiring modestly at 80,000 jobs monthly in 2026, up from 9,700 in 2025, as businesses remain reluctant to lay off staff following pandemic-era labor shortages.
U.S. stock futures showed mixed performance Thursday as the 10-year Treasury yield reached 5.338%, its highest level since April 2002, driven by concerns over fiscal deficits. Markets are navigating competing signals as yields remain elevated ahead of the Federal Reserve's next policy decision, while corporate earnings resilience provides some support.