U.S. September Employment Exceeds Expectations with Job Growth in Key Sectors

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Oct 04, 2024

The U.S. labor market showed stronger-than-expected growth in September, with nonfarm payrolls increasing by 254,000 jobs. This figure surpasses the previous 12-month average monthly gain of 203,000 jobs, indicating robust employment expansion.

Job growth was notably strong in the hospitality, healthcare, government, social assistance, and construction sectors. This diverse range of industry gains suggests a broad-based economic recovery, contributing positively to the overall job market.

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