US Economy Added 336,000 jobs in September

Date: 8 October 2023 Author: SushilJobs

US stocks ended higher on Friday as the US economy added jobs.

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The U.S. economy added 336,000 positions in September, much more than Wall Street economists expected.

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Even after this the unemployment rate remained at 3.8%.

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Economists predicted the U.S. added only 170,000 jobs last month and thought the unemployment rate would slide back to 3.7%.

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This is better for the economy than a lackluster jobs figure.

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It's not exactly the cool labor market that Fed Chairman Jerome Powell is looking for to keep inflation under control.

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From this we can predict from the market that the Fed will keep the rates stable in its next meeting.

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