# @benzinga on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=S0BrgJ74Lho - **Gondola URL:** https://gondola.cc/posts/71296047-benzinga-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/a242fe93d3.jpg - **Posted:** 2026-10-05T13:50:35.000+00:00 - **Account Owner:** Benzinga | News That Moves (@benzinga) โ€” https://gondola.cc/benzinga ## Caption A weak jobs report and the AI boom may look like separate stories, but they meet at one pressure point: the cost of borrowed money. In this clip from The AI Money Loop, we explain why Wall Street's relief over softer hiring may say as much about the AI data center buildout as it does about the labor market. The U.S. economy added just 29,000 jobs in September, based on Labor Department data released on Oct. 2. The unemployment rate rose to 4.2% from 4.1%, and payroll gains for July and August were revised down by a combined 60,000 jobs. That softer reading quickly reshaped expectations for the Federal Reserve. The central bank lifted its benchmark rate by a quarter point to a range of 3.75% to 4% on Sept. 16, its first increase since 2023, and traders had been leaning toward another hike at the Oct. 28 meeting. Pricing that pointed to roughly a two-in-three chance of an October hike a week earlier dropped to the mid-teens after the Oct. 2 report. Rates matter so much here because the AI buildout runs on enormous sums of capital, and a large share of it is raised through debt. Amazon, Alphabet, Meta and Microsoft have together guided to more than $700 billion in 2026 capital spending, so even small changes in borrowing costs can ripple through data center plans, chip orders and power deals. Stocks welcomed the news on Oct. 2, with the S&P 500 gaining 0.7% and the Nasdaq rising about 1.1%. The relief was not complete, though. The 10-year Treasury yield finished the day higher at about 5.28%, a sign that long-term borrowing costs, which could matter most for multiyear construction projects, have not eased much. Watch the full episode, The AI Money Loop, on YouTube: https://youtu.be/v8ozSd6AdQs #AI #FederalReserve #JobsReport ๐ŸŒ Find more market-moving insights at https://www.benzinga.com โ€” your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. ๐Ÿ–ฅ๏ธ Want the same tools the pros useโ€”without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. ๐Ÿ‘‰ https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ ๐Ÿ“ฒ Follow us on socials @benzinga ๐Ÿ”” Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ โš ๏ธ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. ## Stats - **Views:** 754 - **Likes:** 11 - **Shares:** 0 - **Comments:** 0 ## Credits No public credits are recorded here. This does not identify who made the post. ## Tags federalreserve, jobsreport, ai --- Copyright (c) Gondola