America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
showed that hiring fell from 315,000 in August to the weakest monthly gain since April 2021. The unemployment rate dropped from 3.7% to 3.5%, matching a half-century low.
Likewise, Rubeela Farooqi, chief U.S. economist at High Frequency Economics, said she didn't think September's softer jobs and wage numbers would stop the Fed from raising its benchmark short-term rate in November by an unusually large three-quarters of a point for a fourth consecutive time — and by an additional half-point in December.
It has a long way to go. In August, one key measure of year-over-year inflation, the consumer price index, amounted to 8.3%. And for now, consumer spending — the primary driver of the U.S. economy — is showing resilience. In August, Last month's decline in unemployment was widely shared across demographic groups. The jobless rate for Hispanics tumbled to 3.8%, the lowest level in government records dating to 1973. Unemployment for Black Americans also fell, from 6% in August to 5.8% in September, still above its record low of 5.1% in November 2019.
Friday's government report underscored how resilient the job market remains even if it may be slowing.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Another month of solid US hiring suggests more big Fed hikesAmerica’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. us hiring kprc2 jobs
Weiterlesen »
Another month of solid US hiring suggests more big Fed hikesAmerica’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
Weiterlesen »
Another Month of Solid US Hiring Suggests More Big Fed HikesFriday’s government report showed that hiring fell from 315,000 in August to the weakest monthly gain since April 2021. The unemployment rate dropped from 3.7% to 3.5%, matching a half-century low.
Weiterlesen »
Another month of solid U.S. hiring suggests more big Fed interest-rate hikesAmerica’s employers slowed their hiring in September, but still added 263,000 jobs. It's a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively.
Weiterlesen »
Bitcoin Keeps Sliding as Stocks Close Sharply LowerBitcoin remains in the doldrums, with investors anticipating the Fed to announce another jumbo rate hike next month
Weiterlesen »