Investing.com -- The U.S. economy added far more jobs in September than expected, while the unemployment rate and wage growth held steady, pointing to lingering tightness in the labor market at the end of the third quarter.increased by 336,000 last month, the Labor Department said in its closely-monitored employment report on Friday, well above the 170,000 estimated by economists. Data for August was revised to show 227,000 were added instead of the previous reading of 187,000.
Markets and policymakers alike are on the lookout for any signs of strength in the jobs market. A central tenet of the Federal Reserve's recent aggressive campaign of interest rate hikes has been a slackening in labor demand, which in theory could contribute to slowing wage gains and help inflationary pressures abate.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
Source: Financial Digest (financialdigest.net)
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