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.

  • @PriorityMotif
    1•1 month ago

    It’s highly likely that they are not charging customers enough either.

    • sunzu2
      1•1 month 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…