Current:Home > ContactThe job market was stunningly strong in September -GrowthInsight
The job market was stunningly strong in September
Poinbank Exchange View
Date:2025-04-10 16:40:48
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! (651)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Never Have I Ever: Find Out When the 4th and Final Season Premieres, Plus Get Your First Look
- Here's Proof And Just Like That... Season 2 Is Coming Soon
- A satellite finds massive methane leaks from gas pipelines
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Cary Elwes Addresses Possibility of a Princess Bride Reboot
- Rare twin panda babies welcomed at South Korea amusement park
- Never Have I Ever: Find Out When the 4th and Final Season Premieres, Plus Get Your First Look
- Intellectuals vs. The Internet
- Halle Berry Claps Back at Commenter Criticizing Her Nude Photo
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- These 15 Cheap Beauty Products Have Over 10,000 Five-Star Reviews on Amazon
- Mystery object that washed up on Australia beach believed to be part of a rocket
- Why Jana Kramer Is Calling Past Blind Date With Brody Jenner the “Absolute Worst”
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Jason Wahler Shares Rare Glimpse Into His Friendship With Kristin Cavallari After Laguna Beach
- John Wick Prequel Series The Continental Trailer Showcases Winston Scott's Rise to Power
- Jeremy Piven Teases His Idea for Entourage Reboot
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Texas and other states want to punish fossil fuel divestment
Arctic and Antarctic might see radio blackouts that could last for days as cannibal CME erupts from sun
Italian court sparks outrage in clearing man of sexual assault for quick grope of teen student
Trump wants to turn the clock on daylight saving time
Flooding at Yellowstone National Park sweeps away a bridge and washes out roads
Here's Proof And Just Like That... Season 2 Is Coming Soon
Silver Linings From The UN's Dire Climate Change Report