The job market was stunningly strong in September

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Employers added 336,000 jobs in September, far more than expected. It's good news for people looking for work but the strong labor market could complicate the Fed's fight against inflation.

A customer walks by a"Now Hiring" sign posted in front of a store in Novato, Calif., on April 7, 2023.A customer walks by a"Now Hiring" sign posted in front of a store in Novato, Calif., on April 7, 2023.Hiring unexpectedly surged last month, as U.S. employers added 336,000 jobs, much stronger than the around 170,000 jobs that forecasters had expected.

Job gains for July and August were also revised substantially higher. Meanwhile, the unemployment rate last month held steady at 3.8%.

 

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