Reported 2 days ago
The latest US jobs report reveals that the economy added 254,000 jobs in September, significantly exceeding the anticipated 150,000, while the unemployment rate fell to 4.1%. The strong labor market signals a less urgent need for further interest rate cuts by the Federal Reserve. Revisions to previous months indicated an additional 72,000 jobs were created in July and August. This robust performance is bolstered by wage growth, which rose to 4% year over year.
Source: YAHOO