Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.

Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.

Economists had forecast 140,000 new jobs, according to financial data provider FactSet.

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

  • sunzu2
    2•5 months ago

    They are fishing for desperate people… this was their MO for generations. We are undergoing demographic change and this dynamic is not tenable going forward with out mass migration, which has trippled since COVID but still not enough.

    Either way, skill up and get money… that’s the only way to get ahead. Don’t settle for shit wage and if you have, then switch ASAP .

      • sunzu2
        2•5 months ago

        niche and low pay? must be delusional owner lol but older ones don’t understand new market and you are prolly right abou some old timer enabling it.

        but under these facts, owner will have to adjust. if job requires skills, owner must pay!

          • sunzu2
            1•5 months ago

            Maybe, maybe not.

            But why should a worker worry about owner’s business model. I think worker should start thinking more like owner, ie owner of their labour…