Current:Home > StocksThe job market was stunningly strong in September -MoneyBase
The job market was stunningly strong in September
View
Date:2025-04-17 17:22:40
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! (26)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Former Syrian official arrested in California who oversaw prison charged with torture
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Questlove charts 50 years of SNL musical hits (and misses)
- Trump's 'stop
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- 2025 'Doomsday Clock': This is how close we are to self
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Military service academies see drop in reported sexual assaults after alarming surge
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Recommendation
New data highlights 'achievement gap' for students in the US
2025 'Doomsday Clock': This is how close we are to self
The company planning a successor to Concorde makes its first supersonic test
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Sam Taylor
A South Texas lawmaker’s 15
What do we know about the mysterious drones reported flying over New Jersey?
McConnell absent from Senate on Thursday as he recovers from fall in Capitol