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U.S. Adds 119,000 Jobs After Shutdown, Topping Expectations

Photo by Evgenii Vasilenko / Unsplash

The delayed September jobs report shows the U.S. economy added 119,000 jobs, more than double expectations and a reversal from August’s revised loss of 4,000 jobs, the Bureau of Labor Statistics said Thursday. Economists had forecast only 50,000 new jobs. July’s total was also revised down to 72,000.

Despite the stronger payroll number, the unemployment rate rose to 4.4 percent, its highest level since October 2021. Wage growth remained moderate, with average hourly earnings up 0.2 percent for the month and 3.8 percent year over year.

The report ends a six-week data blackout caused by the 44-day federal government shutdown, which halted all economic data collection. This release is the BLS’ first labor update since the August report on September 5.

The numbers arrive as the Federal Reserve weighs whether to cut interest rates again, with policymakers divided over weakening labor conditions and lingering inflation risks.

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