America's employers added 254,000 jobs in September, indicating a robust labor market that continues to support steady hiring and economic growth despite high interest rates.
The monthly hiring numbers were notably better than August, which saw an increase of only 159,000 jobs, while the unemployment rate dropped from 4.2% to 4.1%.
Employment growth was broad-based across sectors, with significant contributions coming from restaurants, healthcare, and government agencies, highlighting a resilient job market.
Despite concerns about high borrowing costs, the economy has shown resilience, as evidenced by solid wage growth and the Federal Reserve managing to avoid a recession.
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