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What will the U.S. unemployment rate be at the end of 2024?
4
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U.S. Bureau of Labor Statistics monthly employment report
Story
U.S. Economy Adds 254,000 Jobs in September, Exceeds Expected 150K, Unemployment Falls to 4.1%
Oct 4, 2024, 12:32 PM
The U.S. economy added 254,000 jobs in September, significantly surpassing the expected 150,000 and the prior 159,000. This marks the highest monthly job gain since March. The unemployment rate fell to 4.1%, down from the expected 4.2% and the prior 4.2%. Average hourly earnings rose by 0.4% month-over-month and 4.0% year-over-year, both exceeding forecasts. Private nonfarm payrolls increased by 223,000, while government payrolls added 31,000 jobs. The participation rate remained steady at 62.7%. This robust job growth, along with upward revisions for July and August, indicates a resilient labor market.
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