U.S. Labor Market Stuns with 254K Jobs Added, Unemployment Dips to 4.1%—What’s Next for the Economy?

Sunita Somvanshi

US economy observe surge in jobs, 254,000 jobs added in September

Photo Source: Google

Photo Source: Google

Unemployment rate declines to 4.1%

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More hirings happened in bars, hospitality, construction, and government sectors.

Photo Source: Google

Photo Source: Google

Manufacturing and transportation saw a negative trend

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Average hourly earnings rose to 4% consistently through the years.

Photo Source: Google

Photo Source: Google

The Federal Reserve will possibly continue with the current interest rate regime.

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Inflation marks at 2.5%; therefore, increased earnings are relieving to the common man.

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Photo Source: Google

Recent trade union strikes and Hurricane Helene can influence the  October’s data

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Employment trends touch voter’s sentiment, therefore may impact US presidential elections.

Photo Source: Google

Photo Source: Google

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