September job gains affirm that the Fed has a long way to go in inflation fight


The Go! Go! Curry restaurant has a sign in the window reading “We Are Hiring” in Cambridge, Massachusetts, July 8, 2022.

Brian Snyder | Reuters

September’s jobs report provided both assurance that the jobs market remains strong and that the Federal Reserve will have to do more to slow it down.

The 263,000 gain in nonfarm payrolls was just below analyst expectations and the slowest monthly gain in nearly a year and a half.

But a surprising drop in the unemployment rate and another boost in worker wages sent a clear message to markets that more giant interest rate hikes are on the way.

“Low unemployment used to feel so good. Everybody who seems to want a job is getting a job,” said Ron Hetrick,…


0 0 votes
Article Rating

Tesla stock had its worst week since March 2020 amid wild week for Musk

Previous article

Climate investor who made right Exxon bet on how to beat the market

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy