Current:Home > FinanceThe job market was stunningly strong in September -Wealth Empowerment Academy
The job market was stunningly strong in September
View
Date:2025-04-14 14:13:44
The job market is proving to be far stronger than expected.
Hiring unexpectedly surged last month, as U.S. employers added 336,000 jobs, much stronger than the around 170,000 jobs that forecasters had expected.
That's good news for people looking for work but could complicate the Federal Reserve's efforts to curb inflation.
Job gains for July and August were also revised substantially higher. Meanwhile, the unemployment rate last month held steady at 3.8%.
All in all, the data showcases a labor market that continues to defy expectations, with big job gains in health care, hospitality and education.
Factories and construction companies also continued to add workers, despite the strain of high interest rates.
While the tight job market could be worrisome for the Fed, policymakers are likely to be encouraged by the slowdown in wage growth to 4.2% in September from a year ago.
veryGood! (1)
Related
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Ex-State Department official sentenced to nearly 6 years in prison for Capitol riot attacks
- A generational commitment is needed to solve New Mexico’s safety issues, attorney general says
- Australian woman faces 3 charges of murder after her guests died from eating poisonous mushrooms
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- Sam Bankman-Fried found guilty in FTX crypto fraud case
- Q&A: The League of Conservation Voters’ Take on House Speaker Mike Johnson’s Voting Record: ‘Appalling’
- FTC Chair Lina Khan on Antitrust in the age of Amazon
- Travis Hunter, the 2
- Where Below Deck Sailing Yacht's Daisy Stands With Colin and Gary After Love Triangle
Ranking
- 'Most Whopper
- Chicago-area police entered wrong home, held disabled woman and grandkids for hours, lawsuit alleges
- Aldi releases 2023 Advent calendars featuring wine, beer, cheese: See the full list
- Baltimore couple plans to move up retirement after winning $100,000 from Powerball
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- U.S. economy added 150,000 jobs in October as hiring slows
- Priscilla Presley recalls final moments with daughter Lisa Marie: 'She looked very frail'
- Pan American Games give Chile’s Boric a break from political polarization
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Thanksgiving Survival Guide: Here’s What You Need to Navigate the Holiday Season with Crazy Relatives
Pulling an all-nighter is a temporary antidepressant
Winds from Storm Ciarán whip up a wildfire in eastern Spain as 850 people are evacuated
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Japan’s prime minister visits Manila to boost defense ties in the face of China’s growing aggression
Job growth slowed last month, partly over the impact of the UAW strikes
Deshaun Watson scheduled to start for Browns at quarterback against Cardinals