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The US labor market added far more jobs than projected in September while the unemployment rate unexpectedly ticked lower, reflecting a far stronger picture of the jobs market than Wall Street had expected.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 254,000 payrolls in September, more additions than the 150,000 expected by economists."
The US labor market added far more jobs than projected in September while the unemployment rate unexpectedly ticked lower, reflecting a far stronger picture of the jobs market than Wall Street had expected.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 254,000 payrolls in September, more additions than the 150,000 expected by economists."
September jobs report crushes expectations as US 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.
finance.yahoo.com