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.

  • sunzu2@thebrainbin.org
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    3 months ago

    Believe or not… More rate cuts since CRE bag holders need to refi their debt over the next year or so.