Into the Night
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U.S. jobs report stuns, adds 336K jobs in September
The U.S. economy added a staggering 336,000 jobs in September, defying expectations of a slowdown, with the unemployment rate holding steady at 3.8%, according to new data the Labor Department released Friday.
Why it matters: The new data reverses what had been signs of a definitive cooling in the labor market. A less-frothy job market is a key objective of the Federal Reserve's campaign to tamp down inflation.
Wall Street economists had expected employers to add 173,000 jobs during the month, per a Bloomberg survey. The unemployment rate was expected to edge down to 3.7%, from 3.8%.
Horrible news for MAGA morons. They were hoping millions of Americans would lose their jobs so they could blame President Biden. Now what?
More made up numbers.