Current:Home > StocksEthermac Exchange-The job market was stunningly strong in September -Capitatum
Ethermac Exchange-The job market was stunningly strong in September
TrendPulse Quantitative Think Tank Center View
Date:2025-04-06 23:35:54
The Ethermac Exchangejob 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! (541)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Kevin Costner, 'Yellowstone' star, partners with Green Mountain Coffee Roasters on new blend
- The 'Friends' family is mourning one of its own on social media
- Group asks Michigan Supreme Court to hear an appeal of a ruling in Trump ballot case
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Poverty is killing the Amazon rainforest. Treating soil and farmers better can help save what’s left
- Police rescue children, patients after armed gang surrounds hospital in Haiti
- California scientists seek higher pay in three-day strike drawing thousands of picketers
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- The Excerpt podcast: Biden and Xi agree to resume military talks at summit
Ranking
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Supreme Court leaves in place pause on Florida law banning kids from drag shows
- Atlanta Braves selected to host 2025 MLB All-Star Game
- Demand for seafood is soaring, but oceans are giving up all they can. Can we farm fish in new ways?
- The White House is cracking down on overdraft fees
- Atlanta to host 2025 MLB All-Star Game after losing 2021 game over objections to voting law
- Mississippi man had ID in his pocket when he was buried without his family’s knowledge
- AP PHOTOS: Beef’s more than a way of life in Texas. It drives the economy and brings people together
Recommendation
A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
The judge in Trump’s Georgia election case limits the disclosure of evidence after videos’ release
ASEAN defense chiefs call for immediate truce, aid corridor in Israel-Hamas war
Percentage of TikTok users who get their news from the app has nearly doubled since 2020, new survey shows
A South Texas lawmaker’s 15
2 environmentalists who were targeted by a hacking network say the public is the real victim
What are breath-holding spells and why is my baby having them?
Elon Musk expresses support for antisemitic post on X, calling it the actual truth