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News@lemmy.world · 1 month ago

U.S. added 254,000 jobs in September, greatly exceeding expectations

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U.S. added 254,000 jobs in September, greatly exceeding expectations

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News@lemmy.world · 1 month ago

U.S. added 254,000 jobs in September, greatly exceeding expectations - UPI.com

The Labor Department said on Friday that the economy created 254,000 jobs in September, smashing Wall Street expectations and giving another boost to the Federal Reserve looking to ease off on the country's interest rate

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1 month ago
https://www.axios.com/2024/10/04/us-job-number-revisions

This is one of the reasons that the fed lowered interest rates recently.

Also of note, all the data that the fed looks at seems to need revisions about a month or 2 after its initial posting.

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