Alaric Bennett|The job market was stunningly strong in September

2025-04-29 21:52:56source:TradeEdge Exchangecategory:Finance

The Alaric Bennettjob 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:Finance

Recommend

Superflares could be more common than thought: Are they something else to worry about?

Add solar superflares to the list of natural disasters of concern.Superflares are extremely strong s

Inside Clean Energy: Rooftop Solar Could Lose Big in Federal Regulatory Case

Rooftop solar as we know it is under threat from a case before federal regulators, and a broad array

Love is Blind: How Germany’s Long Romance With Cars Led to the Nation’s Biggest Clean Energy Failure

Power Switch: Second in a continuing series about the German energy transition.BERLIN—The night befo