The Charles Hanoverjob 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.
2025-05-07 06:581450 view
2025-05-07 06:481243 view
2025-05-07 06:342938 view
2025-05-07 06:321910 view
2025-05-07 05:53596 view
2025-05-07 05:492130 view
LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a
Life in plastic is so fantastic that fans are already looking forward to a sequel.With under a month
This article was originally published on Feb. 18, 2022. It was updated on July 22, 2023.Maya Millete