Current:Home > reviewsThe job market was stunningly strong in September -ProfitLogic
The job market was stunningly strong in September
View
Date:2025-04-18 15:14:47
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! (157)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Airlines could face more fines for mishandling wheelchairs under a Biden administration proposal
- Ryan Gosling Set to Bring the Kenergy With 2024 Oscars Performance
- Who's performing at the Oscars for 2024? Here's the list of confirmed Academy Awards performers so far.
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Nashville Uber driver fatally shoots passenger after alleged kidnapping
- Today Only: Save $40 on a Keurig Barista Bar That's So Popular, It's Already Sold Out on the Brand's Site
- Congressional leaders strike deal on government funding as shutdown looms
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- North Carolina judges weigh governor’s challenge to changes for elections boards
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- US applications for jobless benefits rise but remain historically low despite recent layoffs
- Conservationist Aldo Leopold’s last remaining child dies at 97
- Family Dollar is fined over $40 million due to a rodent infestation in its warehouse
- Highlights from Trump’s interview with Time magazine
- Ex-romantic partner of Massachusetts governor wins council OK to serve on state’s highest court
- A Missouri law forbids pregnant women from divorce. A proposed bill looks to change that.
- Small business owners report growing optimism about the U.S. economy
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Pennsylvania sets up election security task force ahead of 2024 presidential contest
NHL trade deadline tracker: Analyzing Dallas Stars deal and others made before March 8
Paulina Porizkova, model, writer and advocate for embracing aging, is a Woman of the Year honoree
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Odysseus lunar mission: See the best pictures from the lander's historic moon landing
Want to live up to 114? Oldest person in the US says 'speak your mind'
New York lawmakers approve new congressional map that gives Democrats a slight edge