According to the latest data released by the United States, American business owners continued to recruit staff at a steady pace in September, and the unemployment rate unexpectedly fell to a record low, which means that the strong labor market will allow the Federal Reserve , which is focused on curbing inflation, to raise interest rates again.
Data released by the U.S. Department of Labor last Friday showed that the number of non-farm employment increased by 263,000 in September, which was lower than the 315,000 in August 0, but it was still higher than the 255,000 expected by economic experts.
htmlUnemployment rate in September unexpectedly dropped from 3.7% in the previous month to 3.5%, tying the 50-year low.median estimate of economic experts is 3.7%.
The scope of employment growth in that month was relatively wide, and the growth of the leisure, catering and medical and health industries was particularly prominent.
In addition, the labor force participation rate dropped to 62.3% in September. The average monthly hourly wage ratio grew by 0.3%, which was in line with expectations.
and the average hourly wage of is -year growth rate, although the growth rate slowed slightly from 5.2% in August, it is still at its highest point in history.
Strong wage increases show that the Fed will have to continue raising interest rates to curb the rapid growth of wages that stimulate household spending.
These data are the latest examples of the continued strong U.S. job market.
Although there are some signs that labor demand has slowed down, most notably the recent decline in job openings,
However, employers with shortages continue to recruit employees at a steady pace.
Strong employment not only supports consumer spending, but also promotes salary growth when companies compete for limited labor.
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