Core Insights - The US economy added 119,000 jobs in September, significantly exceeding expectations of 50,000 and recovering from a loss of 4,000 jobs in August [1][4] - The unemployment rate increased to 4.4%, the highest since October 2021, up from 4.3% the previous month [2][10] - Hourly earnings rose by 0.2% month-over-month and 3.8% year-over-year, slightly above the expected increases of 0.3% and 3.7% respectively [5] Labor Market Analysis - The stronger-than-expected jobs report may influence the Federal Reserve's approach to interest rates, potentially leading to a more cautious stance on rate cuts in December [8] - The labor market's resilience is crucial as a weakened market could prompt the Federal Reserve to consider rate cuts [7] - The upcoming October jobs report, expected in December, may be limited in data availability due to the recent government shutdown [9]
Delayed gov't data shows US added surprisingly strong 119K jobs in September
New York Post·2025-11-20 14:07