JOBS REPORT BLOWOUT: Over Double the Expected Number of Jobs
Description
The first jobs report is in since the Democrat shutdown ended and it is a blowout.
The latest jobs report delivered a surprise blow-out: the economy added substantially more jobs than forecast, sending a clear signal of strength in the labour market. Employers added well over double the expected number of non-farm positions, and the unemployment rate dipped modestly, underscoring resilience in hiring despite economic headwinds. Wage growth also edged up, suggesting that employers are still competing for talent. The report will give the Federal Reserve more leverage to lean against cutting interest rates prematurely.
The US Labor Department officially published the September jobs report 48 days late:
The US added 119,000 jobs in September, above expectations of 53,000.
Median income rising.
Wage growth outpacing inflation – dramatic shift.
The market is on fire. The Dow and the US stock market futures are up hundreds of points.
What Trump is doing is working.
https://x.com/ThePatriotOasis/status/1991501036578828484?s=20
US Employers Added 119,000 Jobs in September, Unemployment Rose
–September payroll report comes in well above consensus estimates
–Jobless rate shows sall increase
–Drop in government jobs shows DOGE’s belated impact
United States
