Esthen|The job market was stunningly strong in September

2025-05-08 05:51:02source:Liberalalliance Wealth Societycategory:Finance

The Esthenjob 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.

More:Finance

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

This group gets left-leaning policies passed in red states. How? Ballot measures

One side effect of political division in the states — blue states getting bluer and red states getti

Inside Clean Energy: Clean Energy Wins Big in Covid-19 Legislation

Clean energy industries got their biggest legislative win in a long time this week, thanks to provis