Sunita Somvanshi
US economy observe surge in jobs, 254,000 jobs added in September
Photo Source: Google
Unemployment rate declines to 4.1%
More hirings happened in bars, hospitality, construction, and government sectors.
Manufacturing and transportation saw a negative trend
Average hourly earnings rose to 4% consistently through the years.
The Federal Reserve will possibly continue with the current interest rate regime.
Inflation marks at 2.5%; therefore, increased earnings are relieving to the common man.
Recent trade union strikes and Hurricane Helene can influence the October’s data
Employment trends touch voter’s sentiment, therefore may impact US presidential elections.