Current:Home > MarketsThe job market was stunningly strong in September -ForexStream
The job market was stunningly strong in September
View
Date:2025-04-18 00:53:38
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! (4)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Biden administration slow to act as millions are booted off Medicaid, advocates say
- Aging satellites and lost astronaut tools: How space junk has become an orbital threat
- Coast Guard searching Gulf after man reported missing from Carnival cruise ship
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Judge gives Oregon State, Washington State full control of Pac-12 Conference
- Florida man faked Trump presidential pardon and tried a hitman to avoid fraud charges
- The Supreme Court says it is adopting a code of ethics for the first time
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- White House hoping Biden-Xi meeting brings progress on military communications, fentanyl fight
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Rescue operation to save 40 workers trapped under a collapsed tunnel in north India enters 3rd day
- Parents of Michigan school shooter will have separate trials, judge says
- Bobby Berk Leaving Queer Eye After Season 8
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Arson is behind fire that damaged major section of Los Angeles freeway, Gov. Newsom says
- His 3,600 mile, Washington-to-Florida run honored vets. But what he learned may surprise you.
- Hamas' tunnels: Piercing a battleground beneath Gaza
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Kelly Clarkson’s Banging New Hairstyle Will Make You Do a Double Take
Behati Prinsloo Shares Sweet New Photo of Her and Adam Levine’s Baby Boy
Mexican LGBTQ+ figure found dead at home after receiving death threats
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Have you caught a cold? Here's how long you will be contagious.
South Carolina jumps to No. 1 in the USA TODAY Sports women's basketball poll ahead of Iowa
Fantasy football winners, losers: WR Noah Brown breaking out in Houston