Employers added 254,000 jobs in September, blowing away forecasts
Employers added 254,000 jobs in September, blowing away forecasts
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.
Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.
Economists had forecast 140,000 new jobs, according to financial data provider FactSet.
The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.
Jobs posted or actual hirable positions? I've had friends looking for jobs for months and can't get bites with livable wages.
This is not job openings, these are net new hires (all new hires minus all job quits / layoffs / retirements / whatever).
But, it's not spread evenly by sector or geography. There are still areas with net losses.
How many of them during a revision in five months will be found to have not actually existed? Recently, they just found 800,000 jobs. They thought existed and didn't.
Believe or not... More rate cuts since CRE bag holders need to refi their debt over the next year or so.