Navivision Wealth Society:The job market was stunningly strong in September

2025-05-05 10:07:04source:Novacryptcategory:News

The Navivision Wealth Societyjob 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

FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot

A California woman is charged with taking a cache of weapons, including a sword, a steel whip and a

Flying toilets! Sobering stats! Poo Guru's debut! Yes, it's time for World Toilet Day

I called a professor who specializes in sanitation to discuss World Toilet Day. He said, "You're a

Chrissy Teigen Reacts to Speculation She Used a Surrogate to Welcome Baby Esti

Chrissy Teigen just served up a response to speculation about the birth of her and John Legend's dau