Arvin Roberts:The job market was stunningly strong in September

2025-05-03 19:34:18source:Will Sage Astorcategory:News

The Arvin Robertsjob 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:News

Recommend

NFL playoff predictions to win AFC championship, NFC championship, Super Bowl 59

The 2024 NFL regular season is entering the final four weeks of action, and teams are beginning to s

This Is Prince Louis' World and the Royals Are Just Living In It

In photos it so often looks as if Prince Louis just isn't having it.But then again, he's only 5. He

With Order to Keep Gas in Leaking Facility, Regulators Anger Porter Ranch Residents

Fearing a depletion of its emergency fuel reserve California regulators ordered Southern California