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U.S. job creation totaled 254,000 in September, much better than expected

  • The U.S. economy added 254,000 nonfarm payroll jobs in September, showing significant improvement over August's revised total of 159,000.
  • This job creation pace surpassed economist expectations, boosting optimism for the labor market's strength.
  • The unemployment rate fell from 4.2% to 4.1%, below predictions, indicating a continued solid labor market.
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US adds a robust 254,000 jobs and unemployment dips to 4.1%

America's employers added 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring remains solid enough to support a growing economy.

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  • 59% of the sources are Center
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Barron's broke the news in New York, United States on Thursday, October 3, 2024.
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