Will Sage Astor-The job market was stunningly strong in September

2025-05-08 11:05:58source:Indexbitcategory:Markets

The Will Sage Astorjob 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:Markets

Recommend

Nearly half of US teens are online ‘constantly,’ Pew report finds

Nearly half of American teenagers say they are online “constantly” despite concerns about the effect

What's the big deal about the April 2024 total solar eclipse? Why it's so interesting.

The sky is filled with breathtaking wonders, but one occurring on April 8 is causing people to plan

Oscars 2024: Why Barbie Star Simu Liu Owes Margot Robbie for This Fantastic Favor

Simu Liu has some fantastic memories of Margot Robbie.At the 2024 Oscars, the Barbie actor reflected