Current:Home > StocksThe job market was stunningly strong in September -TruePath Finance
The job market was stunningly strong in September
View
Date:2025-04-14 18:05:31
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! (5)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Late-night host Taylor Tomlinson tries something new with 'After Midnight.' It's just OK.
- Dua Lipa and Callum Turner Confirm Romance During PDA-Packed Dinner Date
- Massachusetts man sentenced to life with possibility of parole in racist road rage killing
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Colorado funeral home owners apparently sought to cover up money problems by abandoning bodies
- Sophie Turner Drops Joe Jonas Lawsuit After Reaching Child Custody Agreement
- Ocean explorers discover 4 new species of deep-sea octopus, scientists say
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Blinken promises Ukraine's leader enduring U.S. support as war with Russia nears 2-year mark
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Japan Airlines gets first woman president following a fatal plane collision during the holidays
- Prosecutor probing TV studio attack in Ecuador is shot dead in Guayaquil
- Congress demands answers after safety regulator misses deadline on potentially lifesaving new rules for vehicle seats
- Why members of two of EPA's influential science advisory committees were let go
- Why Teslas and other electric vehicles have problems in cold weather — and how EV owners can prevent issues
- Retail sales up strongly in December as Americans showed continued willingness to spend
- Avalanche kills skier in Wyoming, 3rd such U.S. fatality in recent days: Not a normal year
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Hawaii lawmakers open new legislative session with eyes on wildfire prevention and housing
Police investigating homicide after human remains found in freezer of Colorado home
Golden State Warriors Assistant Coach Dejan Milojević Dead at 46
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Bye-bye, witty road signs: Feds ban funny electronic messages on highways
Lake Erie's low water levels caused by blizzard reveal potential shipwreck
Mila De Jesus' Husband Breaks Silence After Influencer’s Death