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What the Jobs Report Tells Us About the Economy

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<img src="https://static01.nyt.com/images/2025/11/19/business/economy/depillis-thumb-1/depillis-thumb-1-jumbo.jpg?auto=webp&quality=75" data-testid="betamax-poster" sizes="(width
What does the September jobs report, delayed by six weeks because of the government shutdown, say about the economy? Lydia DePillis, our economics reporter, describes how the report, which was better than expected, comes at a moment of deep uncertainty.

By Lydia DePillis, Claire Hogan, Stephanie Swart, Gabriel Blanco and Jacqueline Gu

November 21, 2025


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