Jobs report upshot: Economy, labor market are strong, Fed on track for 25-bp cut
"This month, the labor market looks stronger than we previously thought," Dan North, senior economist at Allianz Trade North America said after the Labor Department's exceptionally strong September nonfarm payrolls print.
The Economy Looks Strong After the Latest Jobs Report
The robust jobs numbers align with other strong economic data to paint a portrait of a solid economy. Consumer spending has been holding up, overall growth has been solid and inflation has ticked town. Employers appear to be meeting resilient consumer demand by expanding their work forces.
Blowout September jobs data points to solid economy and slower Fed rate cuts, analysts say
September's 254,000 new jobs topped consensus forecasts by about 100,000. This means the Fed can probably slow the pace of rate cuts, economists said.
US jobs report crushes expectations as economy adds 254,000 jobs, unemployment rate falls to 4.1%
The September jobs report comes as investors debate whether the labor market is cooling quickly enough that the Federal Reserve will opt for a larger interest rate cut in November.
Jobs Report Adds to Economic Momentum for Harris
Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut interest rates, bringing mortgage rates down.
Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
If this sounds like a Goldilocks scenario, it's probably not far from it, even with the lingering inflation concerns.
Strong September Jobs Report Puts Soft Landing in Sight: What the Experts Are Saying
A surprisingly robust September jobs report suggests the economy is on course for an elusive soft landing and likely eliminates a half-point cut to interest rates at the Federal Reserve's next policy meeting,
Fed's Goolsbee Calls September US Jobs Report 'Superb'
"You really couldn't ask realistically for a better report for the economy," Federal Reserve Bank of Chicago President Austan Goolsbee says about the September US employment report during an interview with Mike McKee on "Bloomberg Open Interest.
September jobs report builds case for smaller Fed rate cut in November
The September jobs report showed surprising signs of strength in the labor market that have economists questioning how much more the Federal Reserve will cut interest rates in 2024.
September Jobs Report: Looser Fed Policy, Payrolls Surge
The September jobs report had 254,000 jobs added, unemployment down, wage growth up. Check out on the report and implications for Fed policy and markets.
Blockbuster jobs report paves way for US economy to avoid recession in 'soft landing,' experts say
A blockbuster jobs report on Friday paved the way toward a soft landing, in which inflation returns to normal levels while ...
US economy added a whopping 254,000 jobs last month
Economists had projected the US added 140,000 jobs in September and the unemployment rate held steady at 4.2%.
Jobs, inflation, wages: How the economy has fared under Trump and Biden
Former President Trump claims to have had a much better economy than President Biden but does the data bear that out?
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After strong jobs report, Treasury official discusses what it says about wider economy
The Labor Department issued one of the last jobs reports before the presidential election, and the numbers are strong. It ...
US economy added 254,000 jobs in September, logging surprisingly robust growth
September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains ...
US economy added 254K jobs last month — blowing past forecasts
A significantly weaker labor market increases the chances that the Fed will make deeper cuts to the benchmark interest rate.
US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market
America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and ...
Economic climate blows Harris’ way
FIRST IN PLAYBOOK — The Black Economic Alliance is launching a mobilization program in Georgia, Michigan, Nevada, North Carolina and Pennsylvania that will target more than 700,000 infrequent Black ...