US Labor Market Surprises with Strong September Job Growth

The U.S. labor market demonstrated unexpected resilience as September's job growth significantly exceeded forecasts, alleviating concerns about potential market deterioration. According to the U.S. Bureau of Labor Statistics, nonfarm payrolls increased by 254,000, far surpassing the anticipated 150,000. The revised figures for August showed an increase to 159,000, up from 142,000, and July's numbers were also revised upward by 55,000 to 144,000, marking an upward revision of 72,000 jobs across these months. ...