Current:Home > StocksThe job market was stunningly strong in September -Capitatum
The job market was stunningly strong in September
Poinbank Exchange View
Date:2025-04-07 07:00:21
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! (135)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- A listener’s guide to Supreme Court arguments over Trump and the ballot
- Top Rated & Best-Selling Mascara Primers That Deliver Thicker, Fuller Lashes
- Half of Asian Americans and Pacific Islanders want more US support of Palestinians, a poll shows
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Black people more likely to sleep less after some police killings, study says. It's detrimental for their health
- The Spurs held practice at a Miami Beach school. And kids there got a huge surprise
- Kyle Richards Reveals What She Needs From Mauricio Umansky to Save Their Marriage
- Why members of two of EPA's influential science advisory committees were let go
- Trump says Bud Light should be given a second chance after Dylan Mulvaney backlash
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- U.S. kills senior leader of Iran-backed Kataib Hezbollah in strike in Iraq, says senior U.S. official
- Massachusetts state trooper pleads not guilty to charges related to bribery scandal
- Ohio State, LSU headline the winners and losers from college football signing day
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Top Rated & Best-Selling Mascara Primers That Deliver Thicker, Fuller Lashes
- What to know about South Dakota Gov. Kristi Noem’s banishment from the Pine Ridge Indian Reservation
- TikTok’s Viral Under Eye Treatment Is From Miranda Kerr’s Beauty Brand: What To Know
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Beyoncé announces new haircare line Cécred
CDC is investigating gastrointestinal sickness on luxury cruise ship Queen Victoria
Is Wall Street's hottest trend finally over?
Arkansas State Police probe death of woman found after officer
Nick Saban joining ESPN’s ‘College GameDay’ road show
Truck crashes into New Mexico gas station causing fiery explosion: Watch dramatic video
Controversy over the Black national anthem at the Super Bowl is a made up problem