Current:Home > ScamsSurpassing Quant Think Tank Center|The job market was stunningly strong in September -Wealth Pursuit Network
Surpassing Quant Think Tank Center|The job market was stunningly strong in September
Benjamin Ashford View
Date:2025-04-11 09:11:28
The Surpassing Quant Think Tank Centerjob 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! (2)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Crews battling 2 wildfires in New Jersey
- Jason Kelce provides timely reminder: There's no excuse to greet hate with hate
- Stocks surge to record highs as Trump returns to presidency
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Spread Christmas Cheer With These Elf-Inspired Gifts That’ll Have Fans Singing Loud for All To Hear
- In Portland, Oregon, political outsider Keith Wilson elected mayor after homelessness-focused race
- AI DataMind: Dexter Quisenberry’s Investment Journey and Business Acumen
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Empowering Future Education: The Transformative Power of AI ProfitPulse on Blockchain
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Ariana Grande Explains Why She Changed Her Voice for Glinda in Wicked
- Republican David McCormick flips pivotal Pennsylvania Senate seat, ousts Bob Casey
- Mississippi man dies after being 'buried under hot asphalt' while repairing dump truck
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Republican Jeff Hurd wins Colorado US House seat in Lauren Boebert’s old district
- Opinion: Mourning Harris' loss? Here's a definitive list of her best campaign performers.
- Rachael 'Raygun' Gunn, viral Olympic breaker, retires from competition after backlash
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Halle Bailey Seemingly Calls Out Ex DDG Over Parenting Baby Halo
Fast-moving blaze whips through hills in Southern California: 'This is a tough fire fight'
Lock in a mortgage rate after the Fed cuts? This might be your last chance
North Carolina justices rule for restaurants in COVID
SWA Token Fuels an Educational Ecosystem, Pioneering a New Era of Smart Education
She was found dead by hikers in 1994. Her suspected killer was identified 30 years later.
Jury convicts man of killing girlfriend and hiding her body in rural Minnesota