Current:Home > ScamsThe job market was stunningly strong in September -RiskWatch
The job market was stunningly strong in September
View
Date:2025-04-11 22:29:06
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! (847)
prev:A South Texas lawmaker’s 15
next:Trump's 'stop
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Off the Grid: Sally breaks down USA TODAY's daily crossword, Baby, Do You Like This Beat?
- Former Alabama police sergeant pleads guilty to excessive force charge
- Dakota Johnson Confirms Chris Martin Relationship Status Amid Breakup Rumors
- A South Texas lawmaker’s 15
- Governor declares emergency after thunderstorms hit northwestern Arkansas
- 17 Target Home Essentials for an It Girl Fall—Including a Limited Edition Stanley Cup in Trendy Fall Hues
- Retired Air Force Maj. Gen. Richard Secord fights on: once in Vietnam, now within family
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Are there cheaper versions of the $300+ Home Depot Skelly? See 5 skeleton decor alternatives
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Benefit Cosmetics Just Dropped Its 2024 Holiday Beauty Advent Calendar, Filled with Bestselling Favorites
- Lawsuit: Kansas school employee locked teen with Down syndrome in closet, storage cage
- Little League World Series: Live updates from Sunday elimination games
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Mega Millions winning numbers for August 16 drawing: Jackpot climbs to $498 million
- No. 1 brothers? Ethan Holliday could join Jackson, make history in 2025 MLB draft
- Former Alabama police sergeant pleads guilty to excessive force charge
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Monday's rare super blue moon is a confounding statistical marvel
USA flag football QB says NFL stars won't be handed 2028 Olympics spots: 'Disrespectful'
John Aprea, The Godfather Part II Star, Dead at 83
Sam Taylor
‘Alien: Romulus’ bites off $41.5 million to top box office charts
General Hospital's Cameron Mathison Shares Insight Into Next Chapter After Breakup With Wife Vanessa
USA flag football QB says NFL stars won't be handed 2028 Olympics spots: 'Disrespectful'