US adds 254K jobs in September

September’s strong payroll growth has lifted the U.S. economy out of recession fears, providing the Federal Reserve with a favorable outlook for achieving a soft landing.

The addition of 254,000 jobs surpassed expectations and marked a significant rebound from previous trends of slowing job growth, easing inflation concerns and allowing for declining interest rates.

This positive momentum has boosted confidence in sustained economic strength, with economists noting a potential for even stronger data in 2025, NBC News has reported.

read more: https://www.cnbc.com/2024/10/04/fed-close-to-pulling-off-the-elusive-economic-soft-landing-in-2024-after-great-september-jobs-report.html

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