FILE – An employee scans incoming items at a receiving station at the Amazon OXR1 fulfillment center in Oxnard, Calif., on Aug. 21, 2024. WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to
The September job gains were fairly broad-based, a good trend if it continues. Restaurants and bars added 69,000 jobs. Healthcare companies gained 45,000, government agencies 31,000, social assistance employers 27,000 and construction companies 25,000. A category that includes professional and business services added 17,000 after having lost jobs for three straight months.
Most economists say the Fed appears to have achieved the once-unlikely prospect of a “soft landing,” in which high interest rates help vanquish inflation without triggering a recession. Across the economy, though, most indicators look solid. The U.S. economy, the world’s largest, grew at a vigorous 3% annual pace from April through June, boosted by consumer spending and business investment. A forecasting tool from the Federal Reserve Bank of Atlanta points to slower but still healthy 2.5% annual growth in the just-ended July-September quarter.
“I can teach you how to manage a restaurant, but I can’t teach you how to care,” said Brady, whose restaurants employ between 100 and 150 workers.
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