Bloomberg Surveillance · Friday, October 2, 2026
Analysts interpret the latest jobs report as evidence that the labor market is stable but not strengthening, with job creation stabilizing relative to the previous year but not showing an upward trend. The quit rate also remains low, indicating a lack of dynamism and movement in the workforce.
“Well, I think this does undercut the story that had been coming in today that maybe we have some strengthening in the labor market, right? That maybe the hiring, picking up some. Like this just shows, no, we are, the labor market is much more stable. Like job creation has stabilized relative to last year when it was really sliding, but we are not in an uptrend, right?”
“One thing I watch so closely, in addition to the hiring rate, is the quit rate, because. That's the opportunity for people to go find better jobs, better pay, deal with higher prices. And that quit rate is also low. We are just not moving people around.”