this post was submitted on 04 Oct 2024
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Economics

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Employers added 254,000 jobs in September, blowing away forecasts (www.cbsnews.com)
submitted 3 months ago by MicroWave to c/economics
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Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month. 

Economists had forecast 140,000 new jobs, according to financial data provider FactSet. 

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

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[–] [email protected] 2 points 3 months ago

Exactly. And with how the government turns out to be with information in general, it's a pretty good idea to take anything they say with a massive dose of salt.