Reported 2 days ago
In a remarkable turn of events, the US labor market exceeded expectations by adding 254,000 jobs in September, significantly surpassing the projected 150,000. This surge has contributed to a decrease in the unemployment rate to 4.1%, down from 4.2%, and suggests a more robust economic landscape than analysts anticipated. With wage growth also ticking up, this report has led to a potential reassessment of future Federal Reserve interest rate cuts. Markets reacted positively, with major stock futures climbing following the release of the data.
Source: YAHOO