Coxno Exchange|The job market was stunningly strong in September

2025-05-04 15:23:56source:John Caldwellcategory:Finance

The Coxno Exchangejob 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

California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel

LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a

Usher obtained marriage license with girlfriend Jennifer Goicoechea in Las Vegas before Super Bowl

Usher may be on the brink of a touchdown in his personal life with a trip down the aisle.The R&B

Get up to 60% off Your Favorite Brands During Nordstrom’s Winter Sale - Skims, Le Creuset, Free People

We independently selected these deals and products because we love them, and we think you might like