The Labor Department is expected to report Friday that employers added 140,000 jobs in September. The U.S. labor market is still reliably cranking out jobs each month, enough to give Americans the confidence and paychecks to keep spending and sustaining the economy. Yet the pace of hiring has lost momentum over the past several months, evidence that employers have become more cautious.September likely brought more of the same.
U.s. Jobs Report Expected To Show Hiring Gains In September
Associated Press, Fast Company
Fri, 10/04/2024 - 9:29am
Topics: the u.s factset brian bethune boston college federal reserve s nov february federal reserve bank atlanta institute supply management america s march 2022.workers april liv wang adp research june 2022.friday s diane swonk kpmg labor department september august bethune fed americans u.s june july covid fed s expected hiring gains jobs report economy month employers inflation recession market interest average rates pace rate began spending year earlier added percentage prices high employment economist number modest reported months central wages record data slowed economists target firm million unemployment relief annual times rose borrowing consumer higher costs peak expects points cut years premium grew pandemic
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