Current:Home > StocksThe job market was stunningly strong in September -Aspire Financial Strategies
The job market was stunningly strong in September
View
Date:2025-04-15 01:55:35
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! (797)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 'Sepia Bride' photography goes viral on social media, sparks debate about wedding industry
- Forest fire has burned 4,000 acres in New Jersey but is now 60 percent contained, officials say
- Romanian court says social media influencer Andrew Tate can leave country, but must stay in E.U.
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Laundry Day
- Nate Diaz beats Jorge Masvidal by majority decision: round-by-round fight analysis
- Honeymoon now a 'prison nightmare,' after Hurricane Beryl strands couple in Jamaica
- What do we know about the mysterious drones reported flying over New Jersey?
- Vikings’ Khyree Jackson, 2 former college football players killed in car crash in Maryland
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Laundry Day
- Even the kitchen sink: Snakes and other strange items intercepted at TSA checkpoints
- Arsenic, lead and other toxic metals detected in tampons, study finds
- Retirement planning: 3 crucial moves everyone should make before 2025
- Trump ally Nigel Farage heckles his hecklers as his far-right Reform UK Party makes gains in U.K. election
- Michigan friends recount the extraordinary moment they rescued a choking raccoon
- Pregnant Francesca Farago Shares How Jesse Sullivan's Teen Arlo Feels About Becoming an Older Sibling
Recommendation
Federal hiring is about to get the Trump treatment
Are Jason Kelce and Kylie Kelce Ready for Baby No. 4? She Says...
Tour of Austria final stage cancelled after Andre Drege dies following crash
U.S. troops leaving Niger bases this weekend and in August after coup, officials say
Senate begins final push to expand Social Security benefits for millions of people
Key players: Who’s who at Alec Baldwin’s trial for the fatal shooting of a cinematographer
Searing heat wave grills large parts of the US, causes deaths in the West and grips the East
Tank and the Bangas to pay tribute to their New Orleans roots at Essence Festival