US Hiring Tops All Estimates, While Jobless Rate Falls to 4.1%

  • Payrolls rose 254,000 in September, most in six months
  • Annual wage growth picked up to 4%, the most since May
Payrolls growth exceeds all projections. Bloomberg’s Mike McKee breaks down the report.Source: Bloomberg
Lock
This article is for subscribers only.

Sign up for the Economics Daily newsletter to discover what's driving the global economy.

US job growth last month topped all estimates, the unemployment rate unexpectedly declined and wage growth accelerated, reducing the odds the Federal Reserve will opt for another big interest-rate cut in November.