17.6 C
New York
Tuesday, September 27, 2022

Buy now


US Job Growth Surges, Tempering Recession Fears and Pressing Fed

Nonfarm payrolls jumped 528,000 last month, beating all estimates and the largest increase in five months, Labor Department data showed Friday. Employment in the prior month was revised up to a 398,000 gain. The unemployment rate fell to 3.5%, matching a five-decade low. Wage growth accelerated and the labor force participation rate eased.

Source link

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles