The US job market remains strong as employers added 336,000 jobs in September, the largest monthly increase since January. The economy has added an average of 266,000 jobs per month for the past three months, defying predictions of a recession. The unemployment rate remained steady at 3.8%. The strong job growth may lead the Federal Reserve to raise interest rates again in November or December to curb inflation. However, slower wage growth and an increase in long-term interest rates could ease inflation concerns.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tCap6i2
https://ift.tt/Gjz5UXp
0 Comments