watch nowThe U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday.
Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast.
The unemployment rate fell to 4.1%, down 0.1 percentage point.
Strength in job creation spilled over to wages, as average hourly earnings increased 0.4% on the month and were up 4% from a year ago.
You get upward revisions and it tells you the job market continues to be healthy, and that means the economy is healthy."
Persons:
Nonfarm payrolls, Kathy Jones, Charles Schwab
Organizations:
Labor Department, Dow Jones, Federal Reserve
Locations:
U.S