What a hot job market means for inflation ...Middle East

By Krystal Hur, CNN New York (CNN) — The US job market is still piping hot. That’s raising questions about how fast inflation will continue to cool. The economy added a staggering 254,000 jobs in September, according to Friday data from the Bureau of Labor Statistics. That blew past expectations of 140,000 job gains from economists polled by FactSet, and marked a jump from August’s upwardly revised 159,000 tally. The unemployment rate edged lower to 4.1% from 4.2%. That comes after the Federal Reserve last month cut interest rates by a jumbo half-point, signaling that it is turning its attention from tamping down inflation to keeping the job market steady. Following the strong labor r

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Last updated : 06 October 2024 clock 04:09 PM

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What a hot job market means for inflation ...Middle East

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