"There's still more momentum than we had given it credit for," Stephen Stanley, chief economist at Santander, highlighted that job growth is solid but not explosive as in previous years.
The Labor Department reported that job growth averaged 186,000 over the past three months, a significant increase from August's average of just 140,000.
September's job gains were widespread, with notable increases in sectors such as restaurants and bars, healthcare, and government agencies, indicating a broad recovery trend.
Average hourly wages climbed 4% in September, continuing to show strong growth in worker compensation even amid concerns over high interest rates.
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