The labor market in the US looks robust and the figures published this Friday by the Bureau of Labor Statistics guarantee that the Federal Reserve will not need to act aggressively at the next meeting.
The figures of September employment in the United States reflect a strong labor market. Although it seemed to have lost some steam in recent months, 254,000 jobs were created and the unemployment rate fell to 4.1%, according to data from the Bureau of Labor Statistics, which was published this Friday.
Thus, it is observed a slight recovery in employment compared to August, when unemployment had been at 4.2% and the labor market added 142,000 jobs. In that month, the US economy added fewer jobswhile unemployment decreased and maintained the trend of July, when job creation slowed considerably.
Analysts observe that The United States economy still resists adversity and the data reaffirms the idea that the Federal Reserve (FED) should not rush in the next meeting, which is scheduled for November 7, to lower rates after last month’s cut.
Unemployment, at lower levels than expected
He unemployment datais lower than estimated by analysts, which They expected it to be 4.2%in line with that of August, which was located at that level. Non-agricultural jobs totaled 254,000 in September, significantly more than the 147,000 estimated by the market and the previous figure of 159,000.
The average hourly income of workers grew by 0.4% monthlyabove the estimated 0.3% and below the 0.5% in August, while in the year-on-year comparison it grew 4% and was expected to be 3.8%. That reflects a figure higher than the 3.9% in August.
News in development.-
Source: Ambito
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