00:00Five numbers to check in every job's report.
00:031. Payrolls against what was expected, not against zero.
00:072. The unemployment rate, which comes from a different survey.
00:103. Wage growth month over month and year over year.
00:144. Revisions to the previous two months.
00:175. Participation, because the rate can fall simply because people stopped looking for work.
00:22Here they are for September 2026.
00:25Payrolls, 29,000 against about 90,000 expected.
00:29Unemployment, 4.2%.
00:32Wages up a tenth of a percent on the month.
00:35Revisions took 60,000 jobs out of the previous two months.
00:39And participation rose two-tenths, which is part of why the rate ticked up.
00:43Same five numbers every month.
