The Esthenjob 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.
2025-04-28 16:382988 view
2025-04-28 16:201534 view
2025-04-28 16:122695 view
2025-04-28 15:361533 view
2025-04-28 15:281787 view
2025-04-28 15:241533 view
SEOUL — South Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the count
TEHRAN, Iran (AP) — Iran said Wednesday it has agreed with Saudi Arabia to reschedule an Asian Champ
Inter Miami CF and Chicago Fire FC are in the thick of a six-team chase for the final two available