Jobs Shock: Only 29K Added, Fed Hike Odds Crumble; G7 Floods Market With Diesel

Finance TL;DR Daily · Oct 2, 2026 · 5m · transcript

A stunningly weak September jobs report — just 29,000 jobs added and a jump to 4.2% unemployment — guts expectations for an October Fed rate hike. Plus, G7 nations agree to release 100 million barrels of diesel and crude to tame fuel prices after U.S. diesel hit $6.37 a gallon. In this episode: • U.S. job growth slows sharply in September, unemployment rises to 4.2% — https://www.cnbc.com/2026/10/02/jobs-report-september-2026.html • G7 nations to release diesel stockpiles to ease fuel supply shock — https://www.cnbc.com/2026/10/02/diesel-oil-trump-europe-export-ban.html