Current:Home > InvestThe job market was stunningly strong in September -Balance Wealth Academy
The job market was stunningly strong in September
View
Date:2025-04-23 04:36:15
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! (196)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Maria Menounos and Husband Keven Undergaro Reveal Sex of Baby
- Today’s Climate: April 17-18, 2010
- Prince Louis Looks So Grown Up in New Photos With Kate Middleton to Mark 5th Birthday
- Rylee Arnold Shares a Long
- SUPERBLOOM: A beautiful upside to the California downpours
- Lea Michele Hits a High Note During First Met Gala Appearance in 9 Years
- Melting glaciers threaten millions of people. Can science help protect them?
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Kendall Jenner Skipped the Pants for Must-See Met Gala 2023 Look
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Prince Louis Looks So Grown Up in New Photos With Kate Middleton to Mark 5th Birthday
- Met Gala 2023 Red Carpet Fashion: See Every Look as the Stars Arrive
- Robert Pattinson and Suki Waterhouse Step Out for Rare Date Night at 2023 Met Gala
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Jennifer Lopez Is the Picture of Sexy Sophistication Baring Skin at Met Gala 2023
- Arizona's farms are running out of water, forcing farmers to confront climate change
- Shannen Doherty Files for Divorce From Kurt Iswarienko After 11 Years
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Dangerous heat waves will hit the Southwest and Florida over the next week
Get Smudge-Proof Voluminous Lashes for 36 Hours With This 2 Benefit Mascaras for the Price of 1 Deal
Apple 48-Hour Flash Deal: Save $481 on a MacBook Air Laptop Bundle
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
How Kourtney Kardashian's Kids Supported Travis Barker at Blink-182's Coachella Show
Sofia Richie's Glam Wedding Makeup Included This $10 Mascara
What history's hidden grandmother of climate science teaches us today