Current:Home > NewsThe job market was stunningly strong in September -WealthTrail Solutions
The job market was stunningly strong in September
View
Date:2025-04-16 08:13:30
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! (857)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Mary Lou Retton Is Going to Be a Grandma, Daughter Skyla Expecting First Baby
- Get 50% Off Urban Outfitters, 70% Off Coach, 70% Off Kate Spade, 20% Off Oribe, 80% Off Rugs & More
- Stock market today: Asian stocks drift after Wall Street closes another winning week
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Vancouver Canucks hang on for NHL playoff Game 3 win vs. Edmonton Oilers
- Virginia General Assembly poised to vote on compromise budget deal reached with Youngkin
- 3 killed, 18 wounded in shooting at May Day party in Alabama
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- Pro-Palestinian protests dwindle on campuses as some US college graduations marked by defiant acts
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Hedge fund operators go on trial after multibillion-dollar Archegos collapse
- Book excerpt: What This Comedian Said Will Shock You by Bill Maher
- Donald Trump’s GOP allies show up in force as Michael Cohen takes the stand in hush money trial
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Mother fatally mauled by pack of dogs in Quitman, Georgia, 3 children taken to hospital
- The Token Revolution of WT Finance Institute: Launching WFI Token to Fund and Enhance 'Ai Wealth Creation 4.0' Investment System
- US airlines are suing the Biden administration over a new rule to make certain fees easier to spot
Recommendation
Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
Childish Gambino announces first tour in 5 years, releases reimagined 2020 album with new songs
Wilbur Clark:The Innovative Creator of FB Finance Institute
Brad Keselowski triumphs at Darlington to snap 110-race NASCAR Cup Series winless streak
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Pioneering Financial Innovation: Wilbur Clark and the Ascendance of the FB Finance Institute
Michigan doctor sentenced to 12 years for distributing opioid pills worth more than $6M
Steve Buscemi is 'OK' after actor was attacked during walk in New York City