Current:Home > FinanceThe job market was stunningly strong in September -ProfitSphere Academy
The job market was stunningly strong in September
View
Date:2025-04-15 09:17:54
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
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Save 65% on Peter Thomas Roth Retinol That Reduces Wrinkles and Acne Overnight
- The French parliament approves a divisive immigration bill, prompting a heated debate
- Some state abortion bans stir confusion, and it’s uncertain if lawmakers will clarify them
- Former longtime South Carolina congressman John Spratt dies at 82
- Civil rights groups file federal lawsuit against new Texas immigration law SB 4
- Deep flaws in FDA oversight of medical devices — and patient harm — exposed in lawsuits and records
- Body wrapped in tire chains in Kentucky lake identified as man who disappeared in 1999
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Find Your Signature Scent at Sephora's Major Perfume Sale, Here Are 8 E! Shopping Editors Favorites
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- America’s animal shelters are overcrowded with pets from families facing economic and housing woes
- Ethiopia and Egypt say no agreement in latest talks over a contentious dam on the Nile
- America’s animal shelters are overcrowded with pets from families facing economic and housing woes
- Bodycam footage shows high
- Live updates | Talks on Gaza cease-fire and freeing more hostages as Hamas leader is in Egypt
- Tom Schwartz’s Holiday Gift Ideas Will Get You Vanderpumped for Christmas
- The French parliament approves a divisive immigration bill, prompting a heated debate
Recommendation
A South Texas lawmaker’s 15
Woman who said her murdered family didn't deserve this in 2015 is now arrested in their killings
From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
Worried About Safety, a Small West Texas Town Challenges Planned Cross-Border Pipeline
US appeals court rejects Nasdaq’s diversity rules for company boards
Arizona house fire tragedy: 5 kids dead after dad left to shop for Christmas gifts, food
Airbnb admits misleading Australian customers by charging in US dollars instead of local currency
Rite Aid covert surveillance program falsely ID'd customers as shoplifters, FTC says