US hiring soars past expectations in sign of resilient market - Tellbrief.com

US hiring soars past expectations in sign of resilient market

The United States added 254,000 jobs in September, much more than expected, while the jobless rate edged down according to government data. A consensus estimate by Dow Jones had expected growth of 150,000.

The Fed had rapidly hiked the benchmark lending rate in 2022 to ease demand and tamp down surging inflation. As for wages, average hourly earnings in September were up 0.

4 percent from a month ago to $35.36, slightly above expectations.

"Hurricane Helene may also weigh on job growth in October," she added...

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