US added 336,000 jobs in September, much more than expected

The September employment report shows the U.S. added 336,000 jobs last month, nearly double the 170,000 economists had been expecting. The unemployment rate was unchanged at 3.8%, which was higher with the expected 3.7%. Average hourly earnings rose 0.2% month-over-month, 4.2% year-over-year. Yahoo Finance Live breaks down the big jobs report.

'Bond King' Bill Gross warns mortgage rate surge will hammer homebuilding – and may herald an economic downturn Soaring mortgage rates will dampen construction activity, paving the way for slower growth and cooler inflation, Bill Gross told Insider.The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President Vladimir Putin said on Thursday, shrugging off the impact of Western sanctions.

Good riddance, HS2, you shall not be missed. The cancellation of that monstrous project’s Northern leg marks the final end of an era of immoral profligacy by a political class that had come to treat taxpayers with contempt.Corporate Argentina is strongly against full dollarization of the economy, one of the key proposals of presidential election frontrunner Javier Milei, according to 125 business people Reuters spoke to.

China’s soccer ambitions were built on the same real-estate bubble that 30% of the national GDP and four-fifths of household wealth are invested in. -- Toronto home prices fell for a second straight month as more owners brought properties to market.

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Canada job gains triples expectations in September; wage growth acceleratesCanada's economy added a net 63,800 jobs in September, more than tripling expectations, while the jobless rate stayed at 5.5%, Statistics Canada data showed on Friday. Analysts polled by Reuters had forecast a net gain of 20,000 jobs and for the unemployment rate to edge up to 5.6% from 5.5% in August. Canada's labor market, supported by strong immigration, has been resilient even as the Bank of Canada raised its key overnight rate 10 times since March 2022 to cool the economy.
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