Macro EconomyMedium•4 October 2026•
1 min read
Weak US Jobs Data Fuels Recession Fears and Pressures REITs
Key Facts
1The September payrolls report showed job growth of only 29k, falling well short of expectations.
2U.S. wage growth slowed to its weakest pace since 2021.
3Core PCE inflation surprised to the downside, aided by benchmark and methodology revisions.
The September payrolls report showed job growth of only 29k, falling well short of expectations according to Seeking Alpha. U.S. wage growth slowed to its weakest pace since 2021, while Core PCE inflation surprised to the downside, aided by benchmark and methodology revisions.
These economic indicators eased near-term Federal Reserve tightening fears but failed to prevent pressure on the long end of the yield curve and the REIT sector. While cooling inflation and weak hiring data suggest a shift in the labor market, the resulting recession fears have created a mixed environment for equity markets.