The US economy added an estimated 336,000 jobs last month, blowing expectations out of the water, according to Bureau of Labor Statistics data released Friday.
In September, leisure and hospitality helped drive job growth higher, with 96,000 jobs added.
Today’s headline jobs number — that surprising 336,000 net job gain — is an initial estimate that will be revised twice more.
The surprising September jobs report, however, didn’t continue that streak.
August’s second look has job growth now at 227,000 for the month, an increase of 40,000.
Persons:
”, Sung, Soh, Joe Biden, “, it’s, ” Biden, Andrew Patterson, ” Patterson, they’ve, Jim McCoy, we’re, ” Daniel Zhao, Glassdoor’s, ” Julia Pollak, didn’t, ” Diane Swonk, — CNN’s Tami Luhby
Organizations:
Minneapolis CNN, of Labor Statistics, Loyola Marymount University, SS Economics, BLS, Federal Reserve, Dow, Nasdaq, Bureau of Labor Statistics, Vanguard, Fed, Administration, Children, Families, Nationwide, Century, CNN
Locations:
Minneapolis, United States