首页 News 正文

U.S. nonfarm payrolls rose much more than expected in September, leaving the door open for the Federal Reserve to raise interest rates again this year

idc014
165 0 0
A surge in US non-farm payrolls last month beat investors' expectations, the latest sign of accelerating economic momentum that spurred a fierce sell-off in bond markets and pushed long-term borrowing rates to fresh 16-year highs.
The Labor Department said Friday that employers added 336,000 jobs in September, the biggest increase since January and a sharp rise from a sharply revised 227,000 gain the previous month. Job growth in July was also stronger than previously estimated.
The report showed the U.S. economy gained momentum over the summer, driven in part by strong consumer spending. The big job gains keep the Fed on track to raise interest rates again this year. It also defied forecasters' expectations that higher interest rates, high inflation, the resumption of student loan payments and rising oil prices would lead to an economic slowdown.
The yield on the 10-year Treasury note rose to a new high after the better-than-expected jobs data. Us stocks closed higher.
The unemployment rate was flat at 3.8 percent in September, near a record low. To compete for limited labor resources, employers have steadily raised wages. Average hourly earnings rose 4.2 per cent in September from a year earlier, down slightly from 4.3 per cent in August. That is slower than a year ago, but well above pre-pandemic levels.
Employment at restaurants and bars returned to pre-pandemic levels last month, the Labor Department said. Employment increased in hospitals, nursing homes and truck drivers. The start of a new school year also helped boost employment.
Friday's report suggested that recent strength in the labor market could undermine the progress the Fed has made in slowing the economy. Accelerating job growth could undermine the confidence of Fed officials that the decline in inflation this summer will be sustained.
The report is unlikely to settle the Fed's debate over whether it should raise interest rates again. Officials will be closely watching next Thursday's consumer inflation report for September, as well as concerns about stronger growth that have pushed borrowing costs higher in the bond market.
The jobs report could confirm that the US economy has accelerated again, exacerbating the rise in bond yields. This week, the yield on the benchmark 10-year Treasury note topped 4.8% for the first time since 2007.
A sustained rise in Treasury yields would create new risks for the economy by raising the cost of mortgages, car loans and corporate loans. The average rate on a 30-year fixed-rate home rose to 7.53 per cent in the week ended September 29, the highest level since 2000, according to the Mortgage Bankers Association.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。   郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
    uturn
    前天 14:42
    支持
    反对
    回复
    收藏
  •   10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
    yxtianyouyou
    3 天前
    支持
    反对
    回复
    收藏
  •   交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
    blueskybb
    昨天 09:27
    支持
    反对
    回复
    收藏
  •   近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
    llyyy2008
    昨天 11:01
    支持
    反对
    回复
    收藏
idc014 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    1