US employment gains smash market expectations

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 26 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 115%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

In September, U.S. employers and their HR teams seemed to have been aggressively seeking talent, ending up far exceeding analysts' expectations for new hires by an impressive 43%.

Job growth in the U.S. reached its highest level in six months in September, with the unemployment rate falling to 4.1%. This suggests the economy remains strong, likely reducing the need for the Federal Reserve to implement further large interest rate cuts this year. In the meantime, traders are awaiting other key reports, including the consumer price index , which remains a priority for the Fed as it aims to balance its dual mandate of maximizing employment and keeping inflation at a 2% annual rate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kitco NEWS: Jim Wyckoff - Experienced Market Analyst Joins the TeamKitco NEWS welcomes seasoned market analyst Jim Wyckoff to its team. With over 25 years of experience in the stock, financial, and commodity markets, Wyckoff brings a wealth of knowledge and insights to Kitco's readers.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Kitco News: A Deep Dive into the World of FinanceLearn about Kitco News, a reliable source for market news and analysis covering commodities, cryptocurrencies, mining, metals, and more. Discover their commitment to accuracy, objectivity, and in-depth reporting.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Kitco News: Your Source for Accurate and Objective Market ReportingKitco NEWS provides in-depth reporting, daily market roundups, interviews with industry figures, and analyses of market-affecting developments on the economy, stock markets, commodities, cryptocurrencies, mining, and metals.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Jim Wyckoff Brings Decades of Market Expertise to Kitco NEWSLearn about Jim Wyckoff's extensive background in the stock, financial, and commodity markets, including his roles as a journalist, analyst, and consultant.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »