The Majority Report with Sam Seder
Oct 2, 2026 · 1 hr 10 min · 13 segments
It's Casual Friday on The Majority Report On today's program: The September jobs report is dismal as only 29K of the expected 90k jobs were added and the unemployment rate rises. Director of the…
Emma VigelandHostBradleyPanelistYeah, the numbers do not look good.
I'm looking at 29,000 jobs were added.
That is well below expectations for 90,000.
And our unemployment rate jumps up to 4.2% from 4.1% the previous month.
So remember, a significant slowdown again on some of these numbers that we're seeing in September.
Just 29,000 last month.
August was 162 and we were expecting 90.
And again, that in part helps the unemployment rate jump up to 42 from a 41 in the previous month.
Your early thoughts.
Well, you know, again, looking at this through two lenses, one lens is, hey, the market is like, oh boy, just a couple of days ago, maybe 48 hours, 72 hours, an October rate hike was on the table.
Yeah, you're right.
Not anymore.
So not anymore.
Right.
The comfort that the hawks on on the FOMC had been hiding behind was like, well, you know what? Labor's OK.
No problem there.
So maybe this gives them a little bit discomfort.
That's off the table from a Wall Street perspective.
You can see futures are moving a little bit higher.
Yeah, the numbers do not look good.
I'm looking at 29,000 jobs were added.
That is well below expectations for 90,000.
And our unemployment rate jumps up to 4.2% from 4.1% the previous month.
So remember, a significant slowdown again on some of these numbers that we're seeing in September.
Just 29,000 last month.
August was 162 and we were expecting 90.
And again, that in part helps the unemployment rate jump up to 42 from a 41 in the previous month.
Your early thoughts.
Well, you know, again, looking at this through two lenses, one lens is, hey, the market is like, oh boy, just a couple of days ago, maybe 48 hours, 72 hours, an October rate hike was on the table.
Yeah, you're right.
Not anymore.
So not anymore.
Right.
The comfort that the hawks on on the FOMC had been hiding behind was like, well, you know what? Labor's OK.
No problem there.
So maybe this gives them a little bit discomfort.
That's off the table from a Wall Street perspective.
You can see futures are moving a little bit higher.
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