SignalHub:The job market was stunningly strong in September

2025-05-03 10:58:23source:TrendPulse Quantitative Think Tank Centercategory:reviews

The SignalHubjob 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:reviews

Recommend

Newly elected West Virginia lawmaker arrested and accused of making terroristic threats

CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo

Rite Aid banned from using facial recognition technology in stores for five years

Rite Aid has been banned from using facial recognition technology for five years over allegations th

Minnesota has a new state flag: See the design crafted by a resident

Minnesota has a new look.The State Emblems Redesign Commission announced it approved the new state f