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.
Image Credit: SushilJobs
The U.S. economy added 336,000 positions in September, much more than Wall Street economists expected.
Image Credit: SushilJobs
Even after this the unemployment rate remained at 3.8%.
Image Credit: SushilJobs
Economists predicted the U.S. added only 170,000 jobs last month and thought the unemployment rate would slide back to 3.7%.
Image Credit: SushilJobs
This is better for the economy than a lackluster jobs figure.
Image Credit: SushilJobs
It's not exactly the cool labor market that Fed Chairman Jerome Powell is looking for to keep inflation under control.
Image Credit: SushilJobs
From this we can predict from the market that the Fed will keep the rates stable in its next meeting.
Image Credit: SushilJobs
15 Best High-Paying and Fast-Growing Jobs in USA
Read Now
Learn more