World · Economy · Press ✓ 4 outlets
US employers added only 29,000 jobs in September, far below forecasts
US non-farm payrolls rose by 29,000 in September against roughly 90,000 expected, with unemployment up to 4.2% (Semafor, CBS News, InvestmentNews, Babypips). The data dented expectations of further US interest rate rises and weakened the dollar.
A softer dollar and lower US yields tend to help emerging-market currencies such as the rand.
It may give the rand a little room, but oil matters more for your fuel bill.
Weak jobs data lowers the chance of further US rate rises.
It also raises worries about a US slowdown, which would hurt global demand for South African exports.
Watch US inflation data and the Federal Reserve's next move; the rand follows both.
DailyDrop South Africa edition No. 1 · Morning · MON., OCT. 5, 2026