BlueRock Horizon Asset Management|The job market was stunningly strong in September

2025-05-04 23:02:12source:TradeEdge Exchangecategory:Finance

The BlueRock Horizon Asset Managementjob 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

Toyota to invest $922 million to build a new paint facility at its Kentucky complex

GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 mil

Clean Energy Is Thriving in Texas. So Why Are State Republicans Trying to Stifle It?

Texas is leading the country when it comes to clean energy. But that hasn’t stopped state Republican

Demi Lovato Says She Has Vision and Hearing Impairment After Near-Fatal Overdose

Demi Lovato wouldn't change a thing.Five years after her near-fatal overdose, "I wouldn't change my